As co-chairman and co-CEO of Scotia Capital, Mr Durland takes over the global capital markets responsibilities of John Schumacher, who has chosen to leave Scotiabank after more than a decade of service.
With this move, Mr Durland will work alongside co-head Stephen McDonald, co-chair and co-CEO for Scotia capital and head for global corporate and investment banking. Together Mr Durland and Mr McDonald will provide leadership to the Scotia Capital business, reporting directly to Rick Waugh.
Also effective immediately, John Madden, currently vice-chairman for capital markets group and Barry Wainstein vice-chairman for global head of foreign exchange & precious metals become vice-chairmen and deputy heads of global capital markets.
Rick Waugh, president and CEO of Scotiabank, said: Mike has significant capital markets experience and together with co-chair and co-CEO Steve McDonald, will continue to position Scotia Capital as a leading corporate and investment bank and an integral part of the future growth and success of the Scotiabank group.
