UPDATED ON: Thursday, March 27, 2003
From The Globe and Mail
Following the recent Annual General Meeting, Mr. Rick Waugh was elected for the first time as Director of the Bank, following on from his appointment earlier this year as President of Scotiabank.
Mr. Waugh began his career with Scotiabank in Winnipeg in 1970 and has served in the Bank’s investment, corporate, international, and retail and commercial areas. He became Senior Vice-President of North American Corporate Banking in 1983, Senior Vice-President at the Bank’s New York Agency in 1985 and then Executive Vice-President in New York in 1991, where he was the Bank’s most senior Officer in the United States. He returned to Toronto to serve as Senior Executive Vice-President of Corporate Banking in 1993. Mr. Waugh was named Vice-Chairman in 1995 and Vice-Chairman, Wealth Management and International Banking in 1998. He was appointed to his current role as President of the Bank in January of 2003. A graduate from the University of Manitoba, Mr. Waugh holds a Master of Business Administration from York University, and is a Fellow of the Institute of Canadian Bankers. He is currently the Director of several of the Bank’s domestic and international subsidiaries. Mr. Waugh is also a strong supporter of various community and educational organizations.
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With approximately 49,000 employees, Scotiabank Group and its affiliates serve about 10 million customers in some 50 countries around the world. Scotiabank offers a diverse range of products and services including personal, commercial, corporate and investment banking. With C$290 billion in assets (as at January 31, 2003), Scotiabank trades on the Toronto (BNS), New York (BNS) and London (BNV) Stock Exchanges. For more information please visit www.scotiabank.com.