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UPDATED ON: Thursday, May 16, 2002

Scotiabank:

Sarabjit (Sabi) Marwah,
Senior Executive Vice-President and Chief Financial Officer

From The Globe and Mail

Scotiabank is pleased to announce the appointment of Sarabjit (Sabi) Marwah to the position of Senior Executive Vice-President and Chief Financial Officer. In his new position, Mr. Marwah is responsible for the Finance, Audit, General Counsel, Strategic Sourcing and Real Estate Divisions of Scotiabank Group. Most recently, he was Executive Vice-President and Chief Financial Officer.

Mr. Marwah joined Scotiabank in 1979. Over the years, he held progressively more senior positions within the Finance Department, including Deputy Comptroller, General Manager and Senior Vice-President and Comptroller. Mr. Marwah is a member of the Board of Directors of several Scotiabank subsidiaries and also serves as Chairman of the Board of Directors of Humber River Regional Hospital.

Scotiabank is one of North America’s premier financial institutions, with more than $294 billion in assets and approximately 51,000 employees worldwide, including affiliates. It is also Canada’s most international bank with more than 2,000 branches and offices in 50 countries. Scotiabank is on the World Wide Web at www.scotiabank.com.

 

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