SOURCE: Scotiabank

Scotiabank

June 22, 2015 08:00 ET

Scotiabank Welcomes Tiff Macklem to Board of Directors

TORONTO, ON--(Marketwired - June 22, 2015) - Scotiabank is pleased to announce that Tiff Macklem has been appointed a new member of the Bank's Board of Directors.

"Tiff's professional experience and understanding of the financial services industry makes him a strong addition to Scotiabank's Board of Directors," said Thomas O'Neill, Chairman of the Board of Directors at Scotiabank. "We look forward to the insight and international knowledge that he will bring to the Board."

Dr. Macklem is the Dean of the Rotman School of Management. Prior to this role, he served as senior deputy governor of the Bank of Canada, sharing responsibility with the governor and four deputy governors for monetary policy and for the Bank's role in promoting financial stability. In that position, he was also Bank of Canada's chief operating officer and a member of its board of directors, overseeing strategic planning and coordinating its operations. Dr. Macklem has also played a leading role in efforts to ensure stable financial systems worldwide, through the Financial Stability Board.

Before joining the Bank of Canada, Dr. Macklem served as associate deputy minister of the federal Department of Finance and Canada's finance deputy at the G7 and G20.

Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 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. With a team of more than 86,000 employees and assets of $837 billion (as at April 30, 2015), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankNews.

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