Bank of Nova Scotia Monday congratulated CEO Rick Waugh on his recent appointment as an Officer of the Order of Canada.

The appointment was one of 91 awarded by Governor General David Johnston last month.

“On behalf of Scotiabank’s board of directors and more than 81,000 employees around the world, I congratulate Rick on this very well-deserved honour,” said John Mayberry, Scotiabank’s chairman of the board.

Waugh was nominated by Indira Samarasekera, president and vice chancellor of the University of Alberta and member of Scotiabank’s board of directors.

“While he has achieved enormous success in his career, Rick has kept grounded in the solid personal values instilled in him by his family and the Winnipeg community where he grew up,” said Samarasekera, in a release. “He leads in an ethical way, with a deep sense of responsibility for the greater good and is a vocal proponent of the belief that success of businesses, governments and local communities are interlinked, and that conducting business in a responsible way, for the right reasons, is the only way to achieve success that benefits everyone.”

The Order of Canada, one of the country’s highest civilian honours, was established in 1967 by Queen Elizabeth II. Since that time, it has been bestowed on more than 5 000 people from all sectors of Canadian society.