Scotiabank has announced the appointment of Guillermo E. Babatz as a new member of the Canadian multinational’s Board of Directors.
Babatz is the managing partner of Atik Capital, S.C., an advisory firm based in Mexico that specializes in structuring financial solutions.
Previously, he was the executive chairman of Mexico’s Comisión Nacional Bancaria y de Valores (Mexico’s National Banking and Securities Commission) from July 2007 until December 2012. As the head of this commission, Babatz was responsible for the regulation and oversight of banks, broker-dealers, and mutual funds, among other financial intermediaries as well as the regulation and supervision of Mexico’s securities markets.
He was also a member of the governing body of the Basel Committee on Banking Supervision (BCBS) and of the Technical Committee of the International Organization of Securities Commissions (IOSCO).
“Guillermo has exceptional business, regulatory and technical expertise,” said Scotiabank chairman John Mayberry. “His experiences building a business and providing oversight in the Mexican market, combined with his international regulatory work, will bring great perspective to our discussions,” he said.
Scotia is on the few multinational firms to have made significant investments in the Latin American pension and asset-management space in recent years. It is now well positioned in the Mexican, Colombian and Peruvian pension fund markets, and has a significant banking presence in Chile and Mexico.
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