Scotiabank has welcomed new President and CEO Brian Porter to his role.

Mr. Porter was appointed President of Scotiabank in November 2012, and was elected to the Scotiabank Board of Directors in April 2013. On May 31, 2013, Scotiabank announced that Brian would succeed Rick Waugh and take on the role of President and CEO of the Bank on November 1, 2013.

Porter said: "I want to congratulate Rick Waugh on his exceptional 43-year career at Scotiabank and thank him for his leadership as CEO over the last 10 years. I look forward to continuing the evolution of this strong organization. It is an honour and a privilege to lead Scotiabank. As we start a new fiscal year, Scotiabankers around the world will redouble our efforts to make it easy and compelling for our customers to do business with us and to continue to deliver the strong, consistent and predictable results."

Mr. Porter first joined Scotiabank in 1981, and has progressed through a series of increasingly senior positions across the Bank, including executive roles with Global Banking & Markets, Global Risk Management, Group Treasury and International Banking.

Brian served as the Bank’s Chief Risk Officer from 2006 to 2008, as Group Head of Risk & Treasury from 2008 to 2010 and, most recently, as Group Head of International Banking from 2010 to 2012.

John Mayberry, chairman of the Scotiabank Board of Directors, said: "Brian is a visionary leader with a clear focus. His career with Scotiabank spans more than three decades and crosses several lines of business. This first-hand understanding of the Bank’s history positions him exceptionally well to lead and to take advantage of future opportunities."

Porter added: "I want to thank our 21 million customers around the world and assure them that we will continue to work hard to earn their business, trust and loyalty. As individuals and businesses seek to take advantage of opportunities in any of the countries where we operate, we are uniquely positioned to provide vital advice and support."