‘The new hip thing’: Bankers are leaving secure financial-services careers in droves to join cannabis startups [Financial Post (Toronto, Ontario, Canada)]
Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am
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Source: Financial Post
'The new hip thing': Bankers are leaving secure financial-services careers in droves to join cannabis startups Younger, less-experienced investment bankers are making the leap along with veterans seeking executive and board roles that may have eluded them in the past Peter Aceto spent 21 years in banking, building an online lender in Canada for ING Groep NV and Bank of Nova Scotia. The executive, who left Scotiabank’s Tangerine unit 18 months ago, is now blazing a career with other bankers in cannabis. Aceto joined CannTrust Holdings Inc. this month as chief executive officer, excited by the prospect of joining what he expects will become a trillion-dollar global industry. “There are not a lot of times in a lifetime that opportunities like this come up,” Aceto, 49, said in a phone interview. “I made the choice to be part of this industry and I foresee that I’m going to be in this industry for a very, very long time.” Aceto joins a parade of financial-services professionals who’ve left
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