Bank of Nova Scotia President and CEO Rick Waugh today announced several changes to the bank’s senior executive team.

Bob Brooks, who most recently served as senior executive vp and group treasurer, managing the Scotiabank Group’s global treasury and investment operations, has been promoted to vice chairman and group treasurer, effective immediately. Brooks will assume a number of responsibilities previously managed by Bob Chisholm, vice chairman, Scotiabank, and president and CEO, domestic banking and wealth management, who will be retiring in April.

“Bob Brook’s promotion to vice chairman is a testament to his tremendous commitment and proven track record of success. He has tremendous experience and is a valued member of our executive management team. I look forward to Bob’s continued contributions to Scotiabank’s success in his new role,” Waugh said, in a release.

Changes were also announced within Scotiabank’s domestic banking unit, which will take effect over the next few months.

Chris Hodgson, currently executive vp, wealth management, has been appointed executive vp, head of domestic personal banking, responsible for domestic branch banking and personal lending, as well as the responsibilities he currently holds for wealth management. Hodgson will report to Waugh.

Alberta Cefis, currently executive vp, retail lending services, has been appointed executive vp, domestic personal lending and insurance. In her expanded role, Cefis will add direct responsibility for domestic insurance services, including creditor insurance, and will report to Hodgson.

Wendy Hannam, currently executive vp, domestic branch banking, has been appointed executive vp, domestic personal banking and distribution. Hannam will assume responsibility for Scotiabank’s electronic banking contact centres in Canada, and also report to Hodgson.

“Bringing together our branch network, lending services and wealth management operations in this way will enable us to more effectively serve our customers,” said Waugh. “It also reflects our clear priority to grow our wealth management business and the importance of further integration of our investment and advisory services with Scotiabank’s traditional strengths in branch banking and lending.”

Dieter Jentsch, executive vp, domestic commercial banking, is responsible for the delivery of commercial banking services to mid-market and independent business clients across Canada, as well as the bank’s merchant banking subsidiary, Roynat Capital Inc. Jentsch will report to Waugh.

“Commercial banking remains another priority area for potential growth for the bank. Dieter and his team will continue to focus on strong client relationships, revenue growth and market share gains,” said Waugh.

Waugh also commented on Chisholm’s significant contribution to the Scotiabank during his 20-year career. “Bob’s vision and leadership have been instrumental in building the success and profitability of the bank, and, most recently, our domestic banking network and wealth management division,” said Waugh. “He is a true Scotiabank professional who personifies our ‘One Team, One Goal’ philosophy. I wish him all the best in his retirement.”