Loretta Marcoccia

Loretta Marcoccia was appointed Executive Vice President and Chief Global Operations Officer in July 2024, with overall responsibility for the leadership, strategic direction and performance of Global Operations, including business and enterprise services. 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, Loretta was appointed Senior Vice-President & Chief Administrative Officer for Global Banking and Markets. In November 2018, she was appointed Executive Vice President and Chief Operating Officer, Global Banking and Markets, and most recently she held the role of Executive Vice President, Global Operations and Technology.

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 and business banking, human resources, capital markets and operations, and has led several large-scale global business and regulatory initiatives.

Loretta is the Chair of Cedar Leaf Capital Inc, the first Indigenous owned and led investment dealer in Canada. She is the Executive Sponsor of Scotiabank’s Technology & Operations DEI Council and was previously the Executive Champion of Global Banking and Markets’ Diversity, Equity and Inclusion Program and the founder and Executive Sponsor of The Scotiabank Women Initiative for Global Banking and Markets. Loretta 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).

Loretta was recognized in the 2023 Report on Business Best Executive Awards for outstanding executive leadership. In 2022, she 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 graduated from the University of Toronto with a Bachelor of Arts degree, with a Specialist in Administration.