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or Name
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Bank of Nova Scotia
Symbol BNS
Shares Issued 1,214,877,959
Close 2014-04-14 C$ 64.36
Market Cap C$ 78,189,545,441
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Bank of Nova Scotia COO Marwah to retire

2014-04-15 16:29 ET - News Release

Mr. Brian Porter reports

SCOTIABANK ANNOUNCES RETIREMENT OF VICE CHAIRMAN AND CHIEF OPERATING OFFICER, SABI MARWAH

Bank of Nova Scotia's Sabi Marwah is retiring effective May 30, 2014. Mr. Marwah is currently vice-chairman and chief operating officer with a 35-year history at Scotiabank.

"Sabi has had an extraordinary impact in shaping the success and character of Scotiabank," said Brian Porter, Scotiabank president and chief executive officer. "He is a well-regarded business leader with keen insight and an unwavering commitment to excellence. He has also been a role model in the community, giving generously of his time."

There will be a realignment of key executive reporting relationships with this retirement.

Sean McGuckin, executive vice-president and chief financial officer, will report directly to Mr. Porter and assume expanded responsibility.

Also now reporting to Mr. Porter are Deborah Alexander, executive vice-president, general counsel and secretary; Jeffrey Heath, executive vice-president and group treasurer; Kimberlee McKenzie, executive vice-president, information technology and solutions; and Grant Mick, senior vice-president and chief auditor.

Anatol von Hahn, group head, Canadian banking, will assume responsibility for shared services in Canada.

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