Bank of Nova Scotia Friday welcomed new president and CEO Brian Porter to his role.
Porter was appointed president of Scotiabank (TSX:BNS) in November 2012, and was elected to the Scotiabank board of directors in April 2013.
On May 31, the bank announced that Porter would succeed Rick Waugh and take on the role of president and CEO of the bank on November 1.
“I want to congratulate Rick Waugh on his exceptional 43-year career at Scotiabank and thank him for his leadership as CEO over the last 10 years,” said Porter, in a release. “I look forward to continuing the evolution of this strong organization.
Porter first joined Scotiabank in 1981, and has progressed through a series of increasingly senior positions across the bank, including executive roles with global banking & markets, global risk management, group treasury and international banking.
He served as the bank’s chief risk officer from 2006 to 2008, as group head of risk & treasury from 2008 to 2010 and, most recently, as group head of international banking from 2010 to 2012.