L. Scott Thomson

Last updated
L. Scott Thomson
BornJanuary 1970 (1970-01) (age 54)
Education Queen's University (BA 1992)
University of Chicago (MBA 1998)

Lawren Scott Thomson (born January 1970) is a Canadian businessman who since 2022 has been president of the Bank of Nova Scotia. Thomson began his career in 1998 with Goldman Sachs as an investment banker. From 2003 to 2008 he held executive roles with BCE, from 2008 to 2013 was a vice-president of Talisman Energy, and from 2013 to 2022 was president of Finning. On 1 December 2022 Thomson became president of the Bank of Nova Scotia, succeeding Brian J. Porter.

Biography

Thomson was born in Vernon, British Columbia in January 1970 to Duane and Carol Thomson. He went to elementary school in Penticton, and graduated from high school at KLO School in Kelowna. After high school he went to Okanagan College for a year, then transferred to Queen's University, where he graduated Bachelor of Arts in economics and political science in 1992. Thomson went next to the University of Chicago, where he received a master of business administration in 1998. [1]

Thomson began his career in 1998 as an investment banker with Goldman Sachs. In 2003 he left Goldman to join BCE in Toronto, where he was appointed vice-president for corporate strategy, mergers and acquisitions. Later he was appointed executive vice-president for corporate development and planning for BCE and Bell Canada Inc. [2] On 2 July 2008, Thomson left BCE and joined Talisman Energy in Calgary as its executive vice-president and chief financial officer. [3] On 17 June 2013, Thomson left Talisman and appointed president of Finning, based in Surrey, British Columbia. [4]

Thomson was elected a director of the Bank of Nova Scotia on 12 April 2016. On 26 September 2022, the bank announced that Thomson would succeed Brian J. Porter as president. Thomson left Finning on 15 November, and began as president of the bank on 1 December. On 1 February 2023, Thomson assumed the additional role of chief executive officer. [5]

Related Research Articles

<span class="mw-page-title-main">Goldman Sachs</span> American investment bank

The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue. In Forbes Global 2000 2023, Goldman Sachs ranked 34th. It is considered a systemically important financial institution by the Financial Stability Board.

<span class="mw-page-title-main">Scotiabank</span> Canadian multinational bank headquartered in Toronto

The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third-largest Canadian bank by deposits and market capitalization. In 2023, the company’s seat in Forbes Global 2000 was 88. It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 89,000 employees and assets of CA$1,399 billion as of April 30, 2024, Scotiabank trades on the Toronto and New York exchanges. The Scotiabank swift code is NOSCCATT and the institution number is 002.

<span class="mw-page-title-main">Jamie Dimon</span> American banker and businessman (born 1956)

James Dimon is an American banker and businessman who has been the chairman and chief executive officer (CEO) of JPMorgan Chase since 2006.

<span class="mw-page-title-main">Bank of New Brunswick</span>

The Bank of New Brunswick, established in 1820, was the first Canadian bank to operate under a charter. The bank operated independently in New Brunswick and later in Prince Edward Island until it merged with the Bank of Nova Scotia in 1913.

<span class="mw-page-title-main">Gary Cohn</span> American businessman & politician (born 1960)

Gary David Cohn is an American businessman and philanthropist who served as the 11th Director of the National Economic Council and chief economic advisor to President Donald Trump from 2017 to 2018. He managed the administration's economic policy agenda. Before serving in the White House, Cohn was president and COO of Goldman Sachs, where he worked for more than 25 years. Cohn was appointed vice-chairman of IBM on January 5, 2021.

<span class="mw-page-title-main">Lloyd Blankfein</span> American investment banker (born 1954)

Lloyd Craig Blankfein is an American investment banker who has served as senior chairman of Goldman Sachs since 2019, and chairman and chief executive from 2006 until the end of 2018. Before leading Goldman Sachs, he was the company's president and chief operating officer (COO) from 2004 to 2006, serving under then-CEO Henry Paulson.

<span class="mw-page-title-main">William Donald Ross</span> 14th Lieutenant Governor of Ontario

William Donald Ross, was a financier, banker and the 14th Lieutenant Governor of Ontario.

<span class="mw-page-title-main">William Lawson (banker)</span> Nova Scotian banker and politician

William Lawson was a Nova Scotian businessman, office holder, justice of the peace, and politician. He was born in Halifax, Nova Scotia, and was the son of John Lawson and Sarah Shatford.

Richard Earl Waugh is a Canadian banking executive. Born in Winnipeg, Manitoba, he is the Deputy Chairman of Scotiabank, and an Officer of the Order of Canada. He was the chief executive officer of Scotiabank, between 2004 and 2013.

<span class="mw-page-title-main">Adebayo Ogunlesi</span> Nigerian lawyer and investment banker (born 1953)

Adebayo "Bayo" O. Ogunlesi is a Nigerian lawyer and investment banker. He is currently chairman and managing partner at the private equity firm Global Infrastructure Partners (GIP). Ogunlesi was the former head of global investment banking at Credit Suisse First Boston before being promoted to chief client officer and executive vice chairman.

Lynton Ronald 'Red' Wilson, is a Canadian business executive. He served as chairman of the board at both Nortel and CAE, chief executive officer at BCE, and corporate director of DaimlerChrysler.

<span class="mw-page-title-main">Michael Cohrs</span> American financier

Michael Cohrs is an American financier. He was co-head of corporate and investment banking and head of global banking at Deutsche Bank. He was also a member of the group executive committee and the management board. He retired from Deutsche Bank in September 2010.

<span class="mw-page-title-main">ScotiaMocatta</span>

ScotiaMocatta, originally founded as Mocatta Bullion in 1684, was a precious metal and base metal trading company that operated as the metals trading division of the Bank of Nova Scotia (Scotiabank) from 1997 until January 2019.

António Mendo de Castel-Branco do Amaral Osório Borges was a Portuguese economist and banker. He was also a Managing Director and International Adviser of Goldman Sachs.

Charles Wiener de Croisset is a French banker.

Ramon Martin Chavez is an American investment banker and entrepreneur. He is vice chairman and partner of Sixth Street Partners. Previously, he served in a variety of senior roles at Goldman Sachs, including chief information officer (2014–2017), chief financial officer, and global co-head of the firm's Securities Division. Marty was also a partner and member of Goldman's management committee. He was the chief technology officer and co-founder of Quorum Software Systems and CEO and co-founder of Kiodex. He is chairman of the board of computational pharmaceutical company Recursion, Board Observer of biotech company Earli and longevity biopharma company Cambrian Biopharma, and board member of Alphabet Inc.

<span class="mw-page-title-main">David M. Solomon</span> American investment banker (born c. 1962)

David Michael Solomon, known as DJ D-Sol, is an American investment banker and DJ. He is the chief executive officer (CEO) of Goldman Sachs, a position he has held since October 2018. He has also been chairman of the bank since January 2019. Before assuming his role as CEO, Solomon was president and chief operating officer from January 2017 to September 2018, and was joint head of the investment banking division from July 2006 to December 2016. Solomon formally succeeded Lloyd Blankfein, the previous CEO, on October 1, 2018, and was named chairman after Blankfein's retirement.

Rania Llewellyn is a Kuwaiti-born Canadian banking executive. She was educated at Saint Mary's University and The American University in Cairo and had a 26-year career with Scotiabank before her appointment to Laurentian Bank in October 2020.

Brian Johnston Porter is a Canadian banker who served from 2012 to 2022 as president of the Bank of Nova Scotia. Porter began his career in 1981 with the investment brokerage McLeod Young Weir, which was acquired in 1987 by the Bank of Nova Scotia. Over the ensuing decades he was appointed to a series of increasingly senior roles with McLeod and the bank. On 1 November 2012 he succeeded Richard Earl Waugh as the bank's president. He remained in the office until 1 December 2022, when he was succeeded by Lawren Scott Thomson.

<span class="mw-page-title-main">J. A. Gordon Bell</span> Canadian banker (1929–1996)

John Alexander Gordon Bell was a Canadian banker who served from 1979 to 1992 as president of the Bank of Nova Scotia. Bell joined the bank in Toronto in 1948 and worked the next several years in junior roles. Beginning in 1955 he was appointed to a series of managerial positions in England, Canada, and Jamaica. He returned to Toronto in 1968 when he was appointed general manager of the Metropolitan Toronto branches. The following year he was assigned to the head office where he became deputy chief general manager of the bank, and in 1972 he became chief general manager and an executive vice-president. In 1979, Bell was appointed president and chief operating officer of the bank, succeeding Cedric Elmer Ritchie. Bell retired as president in 1992. He died on 10 March 1996 at age 66.

References

  1. "Scotiabank's new boss was born and raised in the Okanagan," The Daily Courier, (22 September 2022).
  2. Canadian Who's Who 2018, (Grey House Publishing, 2017), 1019.
  3. "Talisman Energy Hires New CFO," Financial Post, (26 June 2008), FP6.
  4. Tim Kiladze, "Finning reboots after big mining-driven acquisition," Globe and Mail, (18 June 2013).
  5. Stefanie Marotta, "Meet Scotiabank’s new boss, wildly different from the old boss," Globe and Mail, (26 October 2023).