Scotiabank appoints Bogdaneris as head of Canadian banking unit

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Bogdaneris will join Canada’s fourth largest bank after heading Amsterdam-based ING Group’s retail banking unit for more than seven years.

He will replace Dan Rees, who is leaving Scotiabank to pursue other opportunities, the bank said in a statement.

The appointment comes at a time when Scotiabank is strengthening its ambitions in Canada to earn more primary clients and accelerate profitable and sustainable growth, according to the company statement.

The Toronto-listed bank said last month it plans to cut about 3% of its workforce globally, as multiple Canadian banks take cost-cutting steps in a challenging environment.