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or Name
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Bank of Nova Scotia
Symbol BNS
Shares Issued 1,209,451,582
Close 2017-02-22 C$ 81.68
Market Cap C$ 98,788,005,218
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ORIGINAL: Scotiabank's Tangerine appoints Rideout president, CEO

2017-02-22 18:44 ET - News Release

 Yu <dianne@stockwatch.com>
Subject: No Subject!

PLAIN TEXT:


  Tangerine Announces Brenda Rideout as new President and CEO

*Toronto, ON (February 22, 2017)* a{€ &#128;}" Tangerine today announced that 
Brenda Rideout will succeed Peter Aceto as President and CEO, effective 
March 1, 2017.

Peter Aceto has served as President and CEO since 2008 and has been with 
the organization for over 20 years. Aceto led the organization through 
its acquisition by Scotiabank and its successful transition from the 
country's first direct bank to Canada's leading digital bank with over 
two million clients.

"It has been an honour to be part of Tangerine and I am proud of what we 
have accomplished for our clients," said Aceto. "Tangerine's success is 
due in large part to the strength of its team. Brenda is an exceptional 
leader and is the right person to lead the organization and deepen the 
relationship it has with its customers."

Brenda Rideout joined Tangerine (formerly ING DIRECT) 17 years ago and 
has led many of the bank's most strategic initiatives including the 
launch of several direct banks internationally under ING Group, the 
brand transition to Tangerine and has been instrumental in growing the 
bank's Canadian presence.

"I'm excited to lead Tangerine," said Rideout. "Our purpose is to help 
Canadians live better lives by helping them make smart decisions with 
their money and we will continue to appeal to value-conscious Canadians 
while driving the bank's performance and remaining a client experience 
leader."

Rideout has held key roles on the Tangerine management team including 
Chief Strategy Officer, Chief Marketing Officer, Chief Information 
Officer and Chief Technology and Operations Officer.

"Brenda is an extremely talented, experienced and capable leader and we 
congratulate her on this important appointment," said James McPhedran, 
Executive Vice President, Canadian Banking, at Scotiabank. "We also 
thank Peter for his dedication and wish him well in his future endeavours."

"It has been a pleasure working with Peter. He's a tremendous leader and 
has been an important part of Tangerine's success. On behalf of the 
team, I'd like to thank him for his vision and leadership," said Rideout.

*About Tangerine*

Tangerine is a direct bank that delivers simplified everyday banking to 
Canadians. With over 2 million Clients and close to $38 billion in total 
assets, we are Canada's leading direct bank. Tangerine offers banking 
that is flexible and accessible, products and services that are 
innovative, fair fees, and award-winning Client service. From no-fee 
daily chequing and high-interest savings accounts, Credit Card, GICs, 
RSPs, TFSAs, mortgages and mutual funds through its subsidiary, 
Tangerine Investment Funds Ltd., Tangerine has the everyday banking 
products Canadians need. With over 1,000 employees in Canada, our 
presence extends beyond our website and Mobile Banking app to our CafAcopyright 
locations, Pop-Up locations, Kiosks and 24/7 Contact Centres. Tangerine 
was launched as ING DIRECT Canada in 1997. In 2012 it was acquired by 
Scotiabank, and operates independently as a wholly-owned subsidiary.







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    <h1>Tangerine Announces Brenda Rideout as new President and CEO</h1>
    <div class="row-fluid">
      <p><strong>Toronto, ON (February 22, 2017)</strong> - Tangerine
        today announced that Brenda Rideout will succeed Peter Aceto as
        President and CEO, effective March 1, 2017.</p>
      <p>Peter Aceto has served as President and CEO since 2008 and has
        been with the organization for over 20 years. Aceto led the
        organization through its acquisition by Scotiabank and its
        successful transition from the country's first direct bank to
        Canada's leading digital bank with over two million clients.</p>
      <p>"It has been an honour to be part of Tangerine and I am proud
        of what we have accomplished for our clients," said Aceto.
        "Tangerine's success is due in large part to the strength of its
        team. Brenda is an exceptional leader and is the right person to
        lead the organization and deepen the relationship it has with
        its customers."</p>
      <p>Brenda Rideout joined Tangerine (formerly ING DIRECT) 17 years
        ago and has led many of the bank's most strategic initiatives
        including the launch of several direct banks internationally
        under ING Group, the brand transition to Tangerine and has been
        instrumental in growing the bank's Canadian presence.</p>
      <p>"I'm excited to lead Tangerine," said Rideout. "Our purpose is
        to help Canadians live better lives by helping them make smart
        decisions with their money and we will continue to appeal to
        value-conscious Canadians while driving the bank's performance
        and remaining a client experience leader."</p>
      <p>Rideout has held key roles on the Tangerine management team
        including Chief Strategy Officer, Chief Marketing Officer, Chief
        Information Officer and Chief Technology and Operations Officer.</p>
      <p>"Brenda is an extremely talented, experienced and capable
        leader and we congratulate her on this important appointment,"
        said James McPhedran, Executive Vice President, Canadian
        Banking, at Scotiabank. "We also thank Peter for his dedication
        and wish him well in his future endeavours."</p>
      <p>"It has been a pleasure working with Peter. He's a tremendous
        leader and has been an important part of Tangerine's success. On
        behalf of the team, I'd like to thank him for his vision and
        leadership," said Rideout.</p>
      <p><strong>About Tangerine</strong></p>
      <p>Tangerine is a direct bank that delivers simplified everyday
        banking to Canadians. With over 2 million Clients and close to
        $38 billion in total assets, we are Canada's leading direct
        bank. Tangerine offers banking that is flexible and accessible,
        products and services that are innovative, fair fees, and
        award-winning Client service. From no-fee daily chequing and
        high-interest savings accounts, Credit Card, GICs, RSPs, TFSAs,
        mortgages and mutual funds through its subsidiary, Tangerine
        Investment Funds Ltd., Tangerine has the everyday banking
        products Canadians need. With over 1,000 employees in Canada,
        our presence extends beyond our website and Mobile Banking app
        to our Cafe locations, Pop-Up locations, Kiosks and 24/7 Contact
        Centres. Tangerine was launched as ING DIRECT Canada in 1997. In
        2012 it was acquired by Scotiabank, and operates independently
        as a wholly-owned subsidiary.</p>
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