Porter takes charge

Scotiabank this week announced the appointment of Brian Porter as president, effective November 1. Rick Waugh continues in his role as Chief Executive Officer.

Porter was previously group head of International Banking, and oversaw all of the bank’s personal, small business and commercial banking operations in more than 55 countries outside of Canada. He 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,” Waugh said.

“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.”

Porter noted: “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. I have been privileged to work with a tremendously talented group of Scotiabankers across the organisation throughout my career.”

John Mayberry, chairman, said: “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.”

Meanwhile, Dieter Jentsch has been appointed to succeed Porter as group head. Dieter is currently the Executive Vice President, Latin America, responsible for Scotiabank’s Latin American operations and for overseeing the Spanish-speaking countries in the Caribbean and Central America.

Dieter has been with Scotiabank since 1983, and has held a number of senior positions including, Regional Senior Vice President, Domestic Branch Banking, Toronto Region; Managing Director & Head, Scotia Private Client Group, Wealth Management; Senior Vice President, Canadian Commercial Banking; and as Executive Vice President, Commercial Banking, Canada.

Two other appointments also took effect on November 1. Sue Graham Parker has been appointed to the position of Executive Vice President, Global Human Resources.

James McPhedran has been appointed Executive Vice President, Retail Distribution, Canadian Banking.

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