Sector: National Commercial Banks Region: Canada

: | Toronto Stock Exchange: BNS | New York Stock Exchange: BNS

Bank of Nova Scotia provides banking related services. It provides personal, commercial, corporate and investment banking services across the world. Bank of Nova Scotia's services are focused on individual customers, employees, shareholders, and on building a strong community presence. It offers variety of services like Insurance, Small Business, Business Services and Online Services. The company was founded on March 3, 1832 and is headquartered in Toronto, Canada.

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Scotiabank Mortgage Celebration

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Scotiabank Mortgage Celebration

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Scotiabank - Who we are

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Investor Presentation


Rick Waugh, President and Chief Executive Officer
Rick Waugh became President and Chief Executive Officer in 2003. He began his career with Scotiabank in Winnipeg in 1970 as a branch employee and, over the years, has served in the Bank's treasury, corporate, international and retail banking areas. In 1985, he moved to New York as the most senior executive in the U.S. Rick returned to Toronto in 1993, and was appointed Vice-Chairman, Corporate Banking, in 1995, and Vice-Chairman, International Banking and Wealth Management in 1998. He currently serves on the Board of Directors of the Bank. Outside the Bank, Rick is a member of the Canadian Council of Chief Executives as well as the International Monetary Conference (IMC), where he was President for the 2011-12 term. He is Vice-Chair of the Board of the Institute of International Finance (IIF). Rick is a member of the Council of the Americas, and is on the Chairman's International Advisory Council for the Americas Society. In August 2011, he was appointed Co-Chair of the Canada-Brazil CEO Forum. He also serves on the Board of Directors for TransCanada Pipelines Limited and Catalyst Inc., and is Chair of the Catalyst Canada Advisory Board. In addition, he serves on the Advisory Council of the Schulich School of Business at York University, the Guanghua School of Management at Peking University and the Canadian Museum of Human Rights, among others. Rick has long been active in several philanthropic organizations. Among them is the United Way of Greater Toronto, where he was Campaign Chair in 2006, the organization's 50th anniversary. He has also worked extensively with the MS Society, both as Honourary Chair of the endMS Capital Campaign and as a Board member for their Scientific Research Foundation. He is a director of St. Michael's Hospital and was Co-Chair of the Hospital's Campaign to build the Li Ka Shing Knowledge Institute. Rick holds a Bachelor of Commerce (Honours) degree from the University of Manitoba, a Master of Business Administration from York University, a Fellow of the Institute of Canadian Bankers, and Honorary Doctor of Laws degrees from York University and Assumption University. He was awarded the Merit of Honor, Council of the Americas, for his distinguished contribution to the Americas, and received the 2008 Award of Merit from B'nai Brith Canada. In 2009, he received the Corporate Social Responsibility Award from the Foreign Policy Association in New York, and had the Order of Merit conferred upon him by the President of the Dominican Republic for distinguished service to the country. Rick most recently received the 2011 International Award from the Horatio Alger Association of Distinguished Americans. Rick and his wife have three sons.
Sarabjit (Sabi) S. Marwah, Vice-Chairman and Chief Operating Officer
As Vice-Chairman and Chief Operating Officer for Scotiabank since 2008, Sarabjit (Sabi) Marwah is responsible for the Bank's corporate financial and administrative functions, and is actively involved in developing the Bank's strategic plans and priorities. Sabi joined Scotiabank in Toronto as a financial analyst in the Bank's Finance Division in 1979. Over the years, he held successively more senior positions within the Finance Department, including Deputy Comptroller, Senior Vice-President and Comptroller, and Executive Vice-President. He was appointed CFO in 1998 and Senior Executive Vice-President & CFO in 2002. During his tenure in Finance, he was also responsible for several functions outside the Finance Division, and was actively involved in many of the Bank's strategic decisions, including acquisitions both in Canada and internationally. He became Vice-Chairman and Chief Administrative Officer in 2005. Sabi is a member of the Board of Directors of Cineplex Inc., and several Scotiabank subsidiaries. He also serves as a member of the Board of Trustees of the Hospital for Sick Children, and on the Ontario Selection Committee for Rhodes Scholars. He is active in several community organizations, and was a member of the 2008 and 2009 United Way Cabinets. He was also Past Chair of the Humber River Regional Hospital, Director of the C.D. Howe Institute, and was awarded the Queen's Golden Jubilee Medal for his contributions to Canada. Sabi earned an undergraduate Honours degree in Economics, a Master's degree in Economics, and a Master of Business Administration (Finance) from the University of California, Los Angeles (UCLA). In 2012, he received an Honorary Doctor of Laws from Ryerson University's Ted Rogers School of Management. He and his wife, Amrin, have two daughters.
Sean D. McGuckin, Executive Vice President and Chief Financial Officer
As Executive Vice President and Chief Financial Officer, Sean McGuckin oversees the Finance Department, including investor relations, taxation and strategic sourcing.
Since joining Scotiabank in 1991, Sean has held progressively more senior positions in Risk Management, Finance and Audit, including Vice President and Head, Capital Markets and Group Treasury Audit, and Senior Vice President and Chief Accountant. Prior to this appointment in January 2012, he was Senior Vice President & Head, Risk Policy & Capital Markets Global Risk Management. Sean holds a Bachelor of Commerce degree from the University of Toronto. He has been a member of The Institute of Chartered Accountants of Ontario since 1988, and recently completed a Harvard University Executive Leadership Program. He is a past board member of the Alzheimer Society of Toronto.
He is married and has three children.

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