Scotiabank announces two retirements, and new roles

Scotiabank has announced the retirement of Sabi Marwah, effective May 30, 2014. Marwah is currently Vice Chairman and Chief Operating Officer with a 35-year history at Scotiabank.

'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.

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