Scotiabank Appoints Chris Adams to Lead Power and Utilities Division
Scotiabank has appointed Chris Adams from Royal Bank of Canada to spearhead its new power and utilities team. This move is aimed at leveraging growth opportunities in the rapidly evolving sector, particularly in response to increasing demand for energy driven by data center expansion.
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Scotiabank has established a new team focusing on power and utilities, appointing Chris Adams from Royal Bank of Canada to lead it. Adams, who brings nearly 25 years of experience, will work from both Toronto and New York, integrating power and utilities operations across Canada, the US, and Latin America.
The demand for power in the US is projected to double by 2035 due to the surge in data centers, indicating significant growth potential in the sector. The increased focus on cross-border investment and transformation in utilities presents opportunities for Scotiabank to enhance its market position.
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