13:46:40 EST Sun 15 Dec 2019
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Bank of Nova Scotia
Symbol BNS
Shares Issued 1,225,651,360
Close 2019-03-01 C$ 72.67
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Scotiabank appoints Kerr as senior VP

2019-03-04 14:18 ET - News Release

Mr. Glen Gowland reports


Bank of Nova Scotia's Scotia Global Asset Management has appointed a number of seasoned professionals across its business, effective today.

Neal Kerr has been appointed to the role of senior vice-president and head of Scotia Global Asset Management (Scotia GAM) in Canada. He will report to Glen Gowland, executive vice-president and head, global wealth management, Scotiabank.

The fixed income team at 1832 Asset Management LP (manager of Dynamic Funds and ScotiaFunds) -- which consists of 26 investment professionals managing more than $40-billion in assets -- is further expanding with the appointment of two senior investment professionals. Derek Amery has joined as vice-president and senior portfolio manager, and Rose Devli has joined as portfolio manager.

"We are committed to continually strengthening and developing our investment management capabilities and delivering thoughtful solutions for our clients' investment needs. Neal's proven leadership in the industry and the further bolstering of our award-winning investment management team will allow us to deliver even more value to our clients," said Mr. Gowland.

Mr. Kerr has over 20 years of broad financial industry experience, uniquely suited to Scotia Global Asset Management. This experience includes: oversight of a sizable investment management team, proven product management and development expertise, and development of a multibrand, multiplatform distribution network. Mr. Kerr joins Scotia Global Asset Management from a large Canadian asset management firm, where he was executive vice-president. The appointment of Mr. Kerr also adds depth and experience to Scotiabank's global wealth management leadership team.

Mr. Amery is a seasoned portfolio manager, bringing more than 20 years of investment industry experience to 1832 Asset Management's fixed income team. Before joining 1832 Asset Management, Mr. Amery spent 16 years as the head of Canadian Fixed Income at a global financial institution and was directly responsible for more than $6-billion in assets.

Ms. Devli joins 1832 Asset Management from a leading Canadian financial institution, where she was vice-president and portfolio manager, fixed income, for the past five years. Ms. Devli was part of a team who oversaw global fixed income assets across a range of strategies.

About Bank of Nova Scotia

Scotiabank is Canada's international bank and a leading financial services provider in the Americas. The bank is dedicated to helping its more than 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Scotiabank has a team of more than 98,000 employees and assets of over $1-trillion (as at Jan. 31, 2019).

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