Scotiabank brings in ex-BBVA Bancomer chief Deschamps as digital strategic advisor

Scotiabank brings in ex-BBVA Bancomer chief Deschamps as digital strategic advisor

Scotiabank boss Brian Porter is bringing in former BBVA Bancomer CEO Ignacio Deschamps to advise on the Canadian lender's digital transformation strategy.

Deschamps takes on the title of strategic advisor, global digital banking to the president and CEO, but will also work closely with Scotiabank technology co-heads Michael Zerbs and Kyle McNamara.

Joining in January, with offices in New York and Toronto, the new man is tasked with "refining a digital banking roadmap and prioritising investments and resources to accelerate the bank's digital transformation," says a statement.

Like banks across the world, Scotiabank is trying to navigate the migration to a mobile-first era, recently announcing plans to open a 'digital factory' in downtown Toronto to house 350 technology staffers dedicated to designing and delivering innovative services.

A 30 year banking veteran, Deschamps has served as chairman and CEO of Mexico's largest bank, BBVA Bancomer, as well as global head of retail banking at its parent firm, BBVA. He has also been president of the Mexican Banking Association.

"Nacho is a talented and very experienced global banker. His leadership in navigating and leveraging digital banking trends, and his deep banking expertise in key international markets, will provide tremendous benefit to Scotiabank," says Porter.

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