Scotiabank CEO Waugh to Retire as Porter Named Successor

Bank of Nova ScotiaCanada’s third-largest lender, said Chief Executive Officer Richard Waughwill retire on Nov. 1 and be succeeded by President Brian Porter.

Waugh, 65, will remain on the bank’s board and take on the role of deputy chairman until Jan. 31, the company said today in a statement. Porter, who has headed international banking and overseen risk at the Toronto-based lender, said he plans no “big deviation.”

 

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