TORONTO, Nov. 1, 2013 /CNW/ - Scotiabank today welcomed new President
and CEO Brian Porter to his role. Mr. Porter was appointed President
of Scotiabank in November 2012, and was elected to the Scotiabank Board
of Directors in April 2013. On May 31, 2013, Scotiabank announced that
Brian would succeed Rick Waugh and take on the role of President and
CEO of the Bank on November 1, 2013.
"I want to congratulate Rick Waugh on his exceptional 43-year career at
Scotiabank and thank him for his leadership as CEO over the last 10
years," said Mr. Porter. "I look forward to continuing the evolution of
this strong organization.
"It is an honour and a privilege to lead Scotiabank. As we start a new
fiscal year, Scotiabankers around the world will redouble our efforts
to make it easy and compelling for our customers to do business with us
and to continue to deliver the strong, consistent and predictable
Mr. Porter first joined Scotiabank in 1981, and has progressed through a
series of increasingly senior positions across the Bank, including
executive roles with Global Banking & Markets, Global Risk Management,
Group Treasury and International Banking. Brian served as the Bank's
Chief Risk Officer from 2006 to 2008, as Group Head of Risk & Treasury
from 2008 to 2010 and, most recently, as Group Head of International
Banking from 2010 to 2012.
"Brian is a visionary leader with a clear focus," said John Mayberry,
Chairman of the Scotiabank Board of Directors. "His career with
Scotiabank spans more than three decades and crosses several lines of
business. This first-hand understanding of the Bank's history positions
him exceptionally well to lead and to take advantage of future
"I want to thank our 21 million customers around the world and assure
them that we will continue to work hard to earn their business, trust
and loyalty," said Mr. Porter. "As individuals and businesses seek to
take advantage of opportunities in any of the countries where we
operate, we are uniquely positioned to provide vital advice and
Scotiabank has operations in 55 countries around the world and is
Canada's most international bank. This strategically-developed
international presence is unmatched in Canada, and is a footprint that
very few banks in the world can claim.
Scotiabank is a leading multinational financial services provider and
Canada's most international bank. With more than 83,000 employees,
Scotiabank and its affiliates service some 21 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. In December 2012, Scotiabank became the first
Canadian bank to be named Global Bank of the Year and Bank of the Year
in the Americas by The Banker magazine, a Financial Times publication. With assets of $743 billion (as at July 31, 2013),
Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS).
For more information please visit www.scotiabank.com.
For further information:
Sheena Findlay, Scotiabank Media Communications, 416-866-6806