Join a national community of curious and ambitious Canadians Subscribe to globeandmail.com for unlimited access to Canada’s leading independent journalism. $7.99 per weekJust $1.99per week for first 52 weeks New Subscribers Only Already a print newspaper subscriber? Get full access to globeandmail.com Already subscribed to globeandmail.com? Log in to keep reading

BNS-T +0.87% has tapped Canadian banking chief financial officer Sumit Malhotra to be the next head of real estate and secured lending as long-time executive John Webster retires. Mr. Webster is leaving the bank after more than 15 years leading the mortgages and real estate lending division, according to an internal memo reviewed by The Globe and Mail. Mr. Malhotra, a former analyst covering the banking sector, steps into his role as senior vice-president of real estate and secured lending on...