$500K gift supports Catalyst establishing presence in one of the world's
most dynamic economies
TORONTO, June 26, 2012 /CNW/ - As part of its commitment to the
advancement of women globally, Scotiabank, Canada's most international
bank, today announced a $500K donation to support the launch of
Catalyst in Mexico. The gift is an investment in Catalyst's global
operation which aims to expand opportunities for women and business.
"Scotiabank is proud to be a founding supporter of Catalyst in Mexico
where we have had retail operations for more than 15 years," said
Sylvia Chrominska, Group Head of Global Human Resources and
Communications for Scotiabank. "With its excellence in research and
unique global-local operating model, Catalyst is the perfect
organization to lead businesses in Mexico toward unlocking and
developing the leadership potential of women. Scotiabank shares
Catalyst's commitment to building inclusive workforces and is proud to
support this exciting ground-breaking initiative."
Scotiabank's donation will support the foundation work that will allow
Catalyst to build a presence in Mexico including preliminary research
upon which country-specific leadership programming will be built. As
the founding partner of the initiative, Scotiabank will also provide
region sensitive counsel in support of Catalyst's effort to introduce
best practices to accelerate the advancement of women in Mexico.
"We're honored to have the generous support and commitment of
Scotiabank," said Deborah Gillis, Senior Vice President of Membership
and Global Operations for Catalyst. "In addition to accelerating our
impact in one of the most vital economies in the world, Scotiabank's
on-the-ground knowledge and experience in Mexico will greatly assist us
as we look to implement our vision and programming in locally sensitive
and competent ways."
Scotiabank was the first bank in Mexico to be led by a woman with the
appointment of Nicole Reich de Polignac as President and CEO of Grupo
Financiero Scotiabank Mexico in 2007. Ms. Reich de Polignac has since
been named one of the most powerful executives in Mexico by CNN
Expansion Magazine and one of the top ten CEO´s of Latin America by
America Economia Magazine. Scotiabank has also been recognized by The
Great Places to Work Institute Mexico, Equidad de Género (Inmujeres)
for best practices in gender equity.
"The time is right for Catalyst to begin building a presence in Mexico
where vital economic growth and a growing number of educated women are
entering markets and workforces and opening doors to new opportunities for
working women," said Ms. Reich de Polignac. "When we build diverse and
inclusive workforces we also strengthen competitiveness and bottom line
results. And that's good for Mexico's economy."
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 80,000 employees,
Scotiabank and its affiliates serve some 19 million customers in more
than 55 countries around the world. Scotiabank offers a broad range of
products and services including personal, commercial, corporate and
investment banking. With assets of $660 billion (as at April 30, 2012),
Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS).
For more information please visit www.scotiabank.com.
Founded in 1962, Catalyst is the leading nonprofit membership
organization expanding opportunities for women and business. With
offices in the United States, Canada, Europe, and India, and more than
500 preeminent corporations as members, Catalyst is the trusted
resource for research, information, and advice about women at work.
Catalyst annually honors exemplary organizational initiatives that
promote women's advancement with the Catalyst Award. During our 50th anniversary, Catalyst welcomes partners committed to
creating true change for women and multicultural employees.
Catalyst and its supporters believe they can accelerate the momentum of
women's advancement in the business world.
Global Expansion—Expanding Geographic Reach
In developing countries, educated women are entering the workforce,
driving an emergent middle class, and creating new market opportunities
for local and global organizations. Catalyst's global members and
business leaders in Brazil, Mexico, India, China, and Japan, among
others countries, seek to adopt and apply best practices in ways that
respect yet impact local norms and cultures. They want to activate and
leverage educated female talent in their workforces, and they see the
opportunity to leapfrog rather than repeat the experiences of women in
North America and Europe.
Catalyst's disciplined approach to global expansion starts with research
to understand the opportunities and barriers that working women in
developing countries face, and uncover localized approaches for
creating meaningful change.
For further information:
Deborah Clark. Scotiabank Media Communications, email@example.com
Paula Cufre, Scotiabank International Media Communications,
Susan Nierenberg at firstname.lastname@example.org 646-388-7744