Loretta Marcoccia
Executive Vice President and Chief Operating Officer, Global Banking and Markets
Loretta Marcoccia was appointed Executive Vice President and Chief Operating Officer (COO), Global Banking and Markets in November 2018. In this role, she is responsible for the day-to-day operations of Global Banking and Markets, developing and implementing strategy and priority business and regulatory initiatives as well as global wholesale operations, global client and business analytics and financial engineering.
Loretta joined Scotiabank in 2015 as Managing Director and COO for Fixed Income, Currencies and Commodities (FICC) before taking on the expanded role of Managing Director and COO of Global Capital Markets. In March 2017, she was appointed Senior Vice-President & Chief Administrative Officer for Global Banking and Markets.
Prior to joining Scotiabank, Loretta worked at Bank of America/Merrill Lynch where she held increasingly senior roles and ultimately served as Managing Director and COO for Canada. She has 30+ years of financial services experience that span retail banking, human resources, and capital markets, and has led several large-scale global business and regulatory initiatives.
Loretta graduated from the University of Toronto with a Bachelor of Arts degree, with a Specialist in Administration. She is a member of Scotiabank’s Inclusion Council, the Executive Champion of Global Banking and Markets’ Diversity, Equity and Inclusion Program and the Executive Sponsor of The Scotiabank Women Initiative for Global Banking and Markets. She is a member of the Board of Directors for Dress for Success and was a member of the inaugural Board of Directors for Women in Capital Markets (WCM).
She was recognized in the 2023 Report on Business Best Executive Awards for outstanding executive leadership. In 2022, Loretta was recognized with a WCM Champions of Change Award for her leadership in advancing equality in the Canadian finance industry and creating a culture of inclusion at Scotiabank.
Loretta Marcoccia
Executive Vice President and Chief Operating Officer, Global Banking and Markets
Lead. Achieve. Inspire.
We proudly celebrate Scotiabank’s outstanding leaders who have been recognized with recent Report on Business Best Executive Awards. On behalf of all Scotiabankers, congratulations on this well-deserved recognition.
View Report on Business May 2023 issue
2023 Recognition:
Congratulations to Loretta Marcoccia on being recognized in the 2023 Report on Business Best Executive Awards for outstanding executive leadership.
The annual Report on Business Best Executive Awards, established in 2020, celebrates the noteworthy accomplishments of 50 non-CEO executive leaders who have made an impact in five functional job categories: Finance, Human Resources, Operations, Sales and Marketing, and Technology.
Loretta was recognized for delivering critical cross-functional modernization of the GBM business. Her leadership of, among many projects: the implementation of GBM digital solutions including the cross-asset e-trading strategy, building out the Client Relationship Management program for the business, the oversight of GBM global regulatory remediation and reform, and the design and implementation of the post pandemic GBM business operating model have contributed to the strength of the business platform and laid the foundation for continued success.
A well-respected leader in the financial industry, Loretta is a passionate advocate and dedicated inclusive leader. In 2022, Loretta was recognized as a Women in Capital Markets (WCM) Champions of Change for her ongoing efforts to advance diversity, equity, and inclusion (DEI).
Loretta is a transformational leader in the financial industry with a proven track record of identifying and driving solutions aligned to business’ priorities and opportunities. On behalf of all Scotiabankers, I am proud to congratulate Loretta on this well-deserved recognition.
