'Sabi has had an extraordinary impact in shaping the success and character of Scotiabank', said Brian Porter, Scotiabank President and Chief Executive Officer. 'He is a well-regarded business leader with keen insight and an unwavering commitment to excellence. He has also been a role model in the community, giving generously of his time'.
There will be a realignment of key executive reporting relationships with this retirement.
Sean McGuckin, Executive Vice President & Chief Financial Officer, will report directly to Porter and assume expanded responsibility.
Also now reporting to Porter are Deborah Alexander, Executive Vice President, General Counsel & Secretary, Jeffrey Heath, Executive Vice President & Group Treasurer, Kimberlee McKenzie, Executive Vice President, Information Technology & Solutions, and Grant Mick, Senior Vice President & Chief Auditor.
Anatol von Hahn, Group Head, Canadian Banking will assume responsibility for Shared Services in Canada.