Bank of Nova Scotia announced today that Jeff Heath has been appointed executive vp and group treasurer.

Heath, a chartered accountant, is currently the senior vp and head, risk policy and capital markets. In his new role, he will be responsible for managing the Scotiabank group’s treasury and investment operations on a global basis, including the bank’s public and private investment portfolios, medium-term and capital funding, and overall asset and liability management. Heath joined ScotiaMcLeod as Treasurer in 1985 and has held progressively more senior positions within risk management.

“Jeff Heath’s level of expertise and experience – both within Scotiabank and through his service on industry committees through the Canadian Bankers Association and the Investment Dealers Association — will complement our strong team in Group Treasury,” says Rick Waugh, president and CEO. “His appointment also demonstrates the bench strength within our management ranks.”

Heath will be assuming responsibility for the group treasury function from vice chairman Bob Brooks, who has announced plans to retire at the end of the fiscal year after more than 40 years of service to the bank. Heath will report to Brooks until Brooks’ retirement.