Bank of Nova Scotia Tuesday announced the retirement of Sabi Marwah, effective May 30. Marwah 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, president and CEO, in a statement.

There will be a realignment of key executive reporting relationships at Scotiabank (TSX:BNS) with this retirement.

Sean McGuckin, executive vice president & chief financial officer, will report directly to Porter and assume expanded responsibility.

Also now reporting to 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.