Scotiabank announces five new executive appointments
28 Ottobre 2003 - 9:59PM
PR Newswire (US)
Scotiabank announces five new executive appointments TORONTO, Oct.
28 /PRNewswire-FirstCall/ -- Following today's Board of Directors
meeting, Scotiabank Group announced five new executive appointments
in Scotia Capital, Commercial Banking, Wealth Management, Audit,
and International Banking. "These five appointments to the
executive management team are a part of our ongoing efforts to
further leverage expertise across all of our businesses, ensure the
highest standards, deepen relationships with our customers and meet
our financial goals," said Rick Waugh, Scotiabank President.
Stephen McDonald has been appointed Executive Managing Director,
Scotia Capital and U.S. Country Head, effective November 1, 2003.
Mr. McDonald was most recently with TD Bank Financial Group and
held a number of senior positions including Chief Executive
Officer, TD Waterhouse Group Inc., and Vice-Chairman TD Bank. He
also played a significant role in TD's U.S. corporate banking
operations. "We are very pleased to have someone with Stephen's
track record and breadth of experience, particularly in the U.S.,
joining our team," said Mr. Waugh. "He will be instrumental in
driving forward Scotia Capital's U.S. strategy to continue to
deepen client relationships and increase our profitability and
growth." Dieter Jentsch has been appointed Executive
Vice-President, Commercial Banking. Mr. Jentsch has been with
Scotiabank since 1983 and has held a number of progressively senior
positions including his most recent appointment in 2001 as Managing
Director & Head, Scotia Private Client Group, Wealth
Management. "Dieter brings a record of achieving strong financial
and customer satisfaction results in his previous positions to
Canadian Commercial Banking at a time when we are looking to
significantly strengthen our commercial banking business," said Mr.
Waugh. Chris Hodgson has been appointed Executive Vice-President,
Wealth Management. Mr. Hodgson joined Scotiabank in July 2003 as
Senior Managing Director, Wealth Management. Today's appointment to
Executive Vice-President formalizes Mr. Hodgson's role as a member
of the executive management team and underscores the significance
of Wealth Management in Scotiabank's overall plans. Luc Vanneste
has been appointed Executive Vice-President, Audit and Chief
Auditor. Mr. Vanneste joined the Bank in 1999 as Senior
Vice-President and Chief Auditor. "Luc's appointment to Executive
Vice-President recognizes his experience and performance and is a
sign of Scotiabank's commitment to ensure internal control and risk
management processes continue to be a top priority and are of the
highest standards," said Waugh. Tim Hayward has been appointed
Executive Vice-President and Chief Administrative Officer,
International Banking. Mr. Hayward joined the Bank in 1979 and has
held progressively senior roles in areas ranging from Audit,
Operations, and Finance to his most recent position as Senior
Vice-President and Chief Administrative Officer, International
Banking. "The scale and diversification of International Banking
continues to differentiate Scotiabank from our Canadian
competitors. Tim's experience will be critical as we strive to
create a consistent customer experience across our international
banking operations," concluded Waugh. "Rick and I are confident
that Stephen, Dieter, Chris, Luc and Tim will form an important
part of the executive team as we continue to build on our existing
core strengths for future growth and success," said Peter Godsoe,
Scotiabank Chairman and CEO. Biographies of each of the executives
are available at http://www.scotiabank.com/, in the corporate
information section, accessible via the homepage. Scotiabank is one
of North America's premier financial institutions and Canada's most
international bank. With approximately 48,000 employees, Scotiabank
Group and its affiliates serve about 10 million customers in some
50 countries around the world. Scotiabank offers a diverse range of
products and services including personal, commercial, corporate and
investment banking. With C$282 billion in assets (as at July 31,
2003), Scotiabank trades on the Toronto (BNS), New York (BNS) and
London (BNV) Stock Exchanges. For more information please visit
http://www.scotiabank.com/. DATASOURCE: Scotiabank CONTACT: Diane
Flanagan, Scotiabank Public Affairs, (416) 866-6806,
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