Last updated: 10:48 / Thursday, 17 April 2014
Changes in the bank

Scotiabank Announces Retirement of Vice Chairman and Chief Operating Officer, Sabi Marwah

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Scotiabank Announces Retirement of Vice Chairman and Chief Operating Officer, Sabi Marwah
  • 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 Mr. Porter and assume expanded responsibility
  • Anatol von Hahn, Group Head, Canadian Banking will assume responsibility for Shared Services in Canada

Scotiabank has announced the retirement of Sabi Marwah, effective May 30, 2014. Sabi 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 Mr. Porter and assume expanded responsibility.

Also now reporting to Mr. 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.

Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through its team of more than 83,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $783 billion (as at January 31, 2014), Scotiabank trades on the Toronto and New York Exchanges.

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