This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Scotiabank Announces Brian Porter's Appointment As President

TORONTO, Oct. 31, 2012 /CNW/ - Scotiabank announces Brian Porter's appointment as President effective November 1.  Rick Waugh continues in his role as Chief Executive Officer with Brian Porter reporting to him as President.

Brian is currently Group Head, International Banking, and oversees all of the Bank's personal, small business and commercial banking operations in more than 55 countries outside of Canada. Brian was previously Scotiabank's Chief Risk Officer for five years.  He joined Scotiabank in 1981, and has held a variety of management positions, including wholesale, international personal and commercial banking and global risk management.

"I am extremely pleased to welcome Brian to the role of President.  He has had a distinguished and diversified career at Scotiabank and he brings the right amount of breadth and depth to the role," said Rick Waugh, President and CEO, Scotiabank.  "I look forward to working closely with Brian and the whole management team in the year ahead as we focus on bringing diverse solutions to our customers and delivering long-term and sustainable earnings growth to our shareholders."

"I am very excited to take on the role of President and have the opportunity to work directly with Rick Waugh and our whole management team in this capacity," said Brian Porter, Group Head, International Banking. "I have been privileged to work with a tremendously talented group of Scotiabankers across the organization throughout my career."

"The Board is very confident that Brian Porter's appointment positions Scotiabank well to continue to produce strong results and build on the straightforward and proven business model that has worked so well for customers, shareholders and employees," said John Mayberry, Chairman of the Board.

Mr. Waugh will have four direct reports including the President; Chief Operating Officer; Group Head of Global Human Resources and Communications; and, Group Head of Global Risk Management.  All four business lines - Canadian Banking, International Banking, Global Wealth Management and Global Banking and Markets - will report directly to the President.  Mr. Porter will have responsibility for working with the business lines to execute the Bank's five-point strategy with a focus on sustainable and profitable revenue growth.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs