Loretta Marcoccia

Executive Vice President & Chief Operating Officer, Global Banking and Markets
Andrew Branion


Loretta Marcoccia was appointed Executive Vice President and Chief Operating Officer (COO), Global Banking and Markets in November 2018. In this role, she is responsible for the day-to-day operations of Global Banking and Markets, developing and implementing strategy and priority business and regulatory initiatives as well as global wholesale operations, global client and business analytics and financial engineering.

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, she was appointed Senior Vice-President & Chief Administrative Officer for Global Banking and Markets.

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

Loretta graduated from the University of Toronto with a Bachelor of Arts degree, with a Specialist in Administration. She is a member of Scotiabank’s Inclusion Council, the Executive Champion of Global Banking and Markets’ Diversity, Equity and Inclusion Program and the Executive Sponsor of The Scotiabank Women Initiative for Global Banking and Markets. She 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).

She was recognized in the 2023 Report on Business Best Executive Awards for outstanding executive leadership. In 2022, Loretta 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.