The Banker Board – April 20, 2023

Francisco Aristeguieta – group head, international banking, Scotiabank

Scotiabank has named Francisco Aristeguieta as its new head of international banking. A seasoned banker, Mr Aristeguieta brings more than 30 years of experience in overseeing various banking business lines across Latin America and other international markets.  

He was most recently CEO of institutional services at State Street, where he managed more than 85% of the company’s global revenue. Prior to State Street, he spent 25 years at Citi, where he worked in both consumer and institutional banking, and on leading its Latin America and Asia-Pacific regional businesses.

Mr Aristeguieta’s appointment is one of the bank’s first major operational changes since Scott Thomson became its CEO earlier this year. According to press reports, Mr Thomson is undertaking a strategic review to improve Scotiabank’s performance, with a particular focus on its Latin American markets.

Scotiabank, which is Canada’s fourth largest bank by Tier 1 capital, has heavily invested in Latin America. It possesses operations in Brazil, Chile, Peru, Colombia and Mexico.

Luz Mabel del Valle – chief risk officer and deputy chief compliance officer, FV Bank

FV Bank, a US-licenced digital bank that provides personal and business accounts globally, has appointed Luz Mabel del Valle as its new chief risk officer and deputy chief compliance officer.

Ms Del Valle brings more than 20 years of financial services experience gained in bank operations, risk analysis and management. She was most recently chief compliance and accounting officer at Encanto Group, a California-based media and entertainment company. Prior to this, she was chief compliance officer at Stern International Bank and a principal examiner at the Office of the Commissioner of Financial Institutions of Puerto Rico.