Scotiabank Chile CEO appointed

Francisco Sardón, Chief Executive Officer of Scotiabank and Country Manager for Chile, will step down on May 31 after eight years at the helm of the company’s Peruvian subsidiary.

Diego Masola, CEO of the company in Costa Rica, who also oversees operations in Central America, will take over from Sardón in June, the company said in a regulatory filing on Wednesday.

“I would like to express my gratitude to Francisco for his outstanding accomplishments as CEO and Country Head of Scotiabank Chile over the past eight years,” said Ignaci Deschamps, Group Director of International Banking Services and Scotiabank’s digital transformation.

“During this period, the bank rose from seventh place to one of the country’s leading banks thanks to solid growth. In addition, the partnership with Cencosud was finalized to manage the credit card business and the acquisition of BBVA, both with excellent results. Through Francisco’s leadership and Scotiabank’s excellent team in Chile, we contribute to Scotiabank’s mission to be a leading bank in the Americas for its customers, employees, shareholders and communities. “, he added.

Masola joined Scotiabank in 2001 and was subsequently appointed Chief Operating Officer of the company in Uruguay in 2013. Since 2018, he has served as Chief Executive Officer of Costa Rica.

“I would like to thank Francisco Sardón for his leadership at Scotiabank Chile over the past eight years and for positioning our business for continued growth and strong performance,” he said.

“My goal is to continue to build on these successes and to continue to strengthen our business so that it continues to grow,” added Masola.

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