Pamela Allen becomes CEO of MD Financial Management Inc.

After 16 years at MD, new CEO brings deep understanding of unique challenges and opportunities facing physicians and their families

TORONTO, November 1, 2022 /CNW/ – Scotiabank is pleased to announce that Pamela Allen has been appointed Chief Executive Officer of MD Financial Management Inc. (MD), effective today. Ms. Allen is the first female executive to hold this position. She enters this role after the retirement of the CEO Daniel Labonte.

Ms. Allen has over 30 years of experience in the financial services industry and a background in financial planning. Since joining MD 16 years ago, she has held a number of increasingly senior positions, culminating in her most recent role as Vice President, Customer Value and Performance. In all of her positions, Ms. Allen has led with her wealth management knowledge and experience serving physicians and their family members, as well as serving MD staff and advisors.

Pamela Allen is a wealth management industry leader who helped shape the MD we know today. His deep and extensive knowledge and understanding of wealth management advice and services and the realities faced by physician clients and their families will enable MD to continue to deliver exceptional value to these valued clients,” said Alex BesharatExecutive Vice-President and Head, Wealth Management Canada at Scotiabank.

“Together with MD’s leadership team and MD Advisors, I am committed to providing excellence in wealth management services to physicians and their family members and to helping them meet their unique financial challenges and enjoy a financially secure retirement,” Ms. Allen said. . “We will build on our leading product and service platform, strengthen and deepen our relationships with our customers, colleagues and partners so that we can continue to remove this layer of financial stress and worry from physicians, their to focus on delivering positive health care outcomes for all Canadians. »

Ms. Allen is a graduate of the Commerce program at the University of Alberta and holds the Certified Financial Planner (CFP®) designation.

About Scotiabank

Scotiabank is a leading bank in the Americas. Guided by our Purpose: “For Every Future”, we help our clients, their families and their communities succeed through a wide range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate banking and investment banking. , and capital markets. With a team of over 90,000 employees and assets of approximately $1.3 trillion (like a July 31, 2022), Scotiabank is listed on the Toronto Stock Exchange (TSX: BNS) and the New York Stock Exchange (NYSE: BNS). For more information, please visit and follow us on Twitter @Scotiabank.

About MD Financial Management Inc.

With over 50 years of physician-focused experience, MD Financial Management Inc. ® is committed to providing financial peace of mind to from Canada physicians and their families, so they can enjoy what matters most to them while achieving their career and life goals. MD had more than $50.4 billion of assets under management at October 21, 2022. MD Management Limited was the first company of the MD Group to be founded in 1969. MD Financial Management Inc. owns 100% of MD Management Limited. MD Financial Management offers financial products and services, the MD family of funds and investment advisory services through the MD Group of Companies and Scotia Wealth Insurance Services Inc. For a detailed list of the Group of Companies MD, visit and visit for more information about Scotia Wealth Insurance Services Inc.

CFP® is a trademark owned by Financial Planning Standards Board Ltd. (FPSB) and used under license.


For further information: For media inquiries, please contact: Katie O’Dell, Global Wealth Management Communications, Scotiabank, [email protected]647 472-5857

Geraldine L. Melton