Canadian financial services provider Bank of Nova Scotia (BNS,BNS.TO) or Scotiabank announced Friday that Rick Waugh will retire as Chief Executive Officer effective November 1, 2013 after 10 years in the role and 43 years with the Bank. He will remain a Director of the Board and assume the role of Deputy Chairman of the Bank until January 31, 2014.
The company also said that it has appointed Brian Porter to the role of President and Chief Executive Officer effective November 1, 2013. Brian was appointed to the role of President on November 1, 2012, and just prior to that was Group Head, International Banking, overseeing all of the Bank's personal, small business and commercial banking operations in more than 55 countries outside of Canada.
Brian was also Scotiabank's Group Head of Global Risk Management and Treasury. He joined Scotiabank in 1981, and has held a variety of other management positions, including Deputy Chairman of Global Banking and Markets.
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