THE BANK of Nova Scotia (BNS) Jamaica has appointed a deputy managing director for the first time, as part of a radical restructuring of its management team in an effort to increase efficiency.
She is Minna Israel, who was in charge of BNS' corporate and commercial banking centre before she was propelled to the number two position with effect from
yesterday.
Miss Israel will be taking charge of the sales management, which include corporate and commercial banking, Scotia Jamaica Life Insurance Company, Scotia Investment Management Limited, Private Banking and the branch network.
Last year, following a career path pursued by William Clarke, BNS's managing director, Miss Israel was transferred to the Bank's head office in Toronto, Canada to receive training for a year in preparation for the new position.
As a result of the restructuring, some departments at BNS have been combined and in some cases new unit have been created.
In a release yesterday, BNS Jamaica said creation of new positions as part of the restructuring represented "a new direction and the way forward". All appointments became effective yesterday.
Others on the new executive team are:
- Wayne Powell, senior general manager for retail products and marketing,
who also has responsibility for Scotia Jamaica Building Society and Scotia
Jamaica Insurance Brokers;
- Rosemarie Pilliner, senior general manager for operations and service delivery,
with responsibility for shared services, customer service delivery and information
systems;
- Dwight Richardson, general manager for capital markets and project financing;
- Stacie-Ann Wright, general manager and chief financial officer, and
- Kevin Workman, general manager, corporate and commercial banking.
The release quoted Mr. Clarke as saying that during the past eight years, the Bank has undertaken a very focused and deliberate succession planning strategy to ensure "it is staffed with the best available skills across the various business lines to deliver service that exceeds our customers expectation." This resulted in a process of recruitment, training and staff development locally and overseas, he said.
According to Mr. Clarke, "we are of the view that our succession planning strategy has been very successful and has matured to a level where we can now embark on a major reorganisation of the BNSJ group."
