Bank of Nova Scotia is adding to its technological expertise with a new executive appointment who brings Silicon Valley cachet.
The bank appointed Shawn Rose to executive vice-president of digital banking. This is a newly created position that will oversee Scotiabank's global digital banking team.
Mr. Rose, who has moved to Toronto from Palo Alto, Calif., was most recently chief product officer at Moneysupermarket.com, a U.K.-based price comparison site for everything from car insurance to credit cards to loans. Previously, he worked at a number of other technology-driven companies such as Pearson PLC, Hulu and Yahoo Inc.
At Scotiabank, Mr. Rose will report to Ignacio (Nacho) Deschamps, group head of international banking and digital transformation, who was appointed to his position earlier this year. He will also work with James O'Sullivan, group head of Canadian Banking and co-heads of information technology, Michael Zerbs and Kyle McNamara.
"Shawn will help us capitalize on the momentum we have generated thus far in our digital transformation and build out a fully integrated global digital banking team," Brian Porter, chief executive officer, said in a statement.
The announcement comes a day after the bank announced a partnership with Kabbage Inc., a U.S. company that has developed an online lending platform.
This partnership gives Scotiabank the ability to make online loans of up to $100,000 to small businesses in Canada and Mexico in as little as seven minutes, and offers a key example of how Canada's big banks are starting to work with financial technology companies to enhance their own online offerings.