Scotiabank welcomes two new Directors to the Board of Directors

HALIFAX, April 9, 2013 /CNW/ - Scotiabank is pleased to announce the appointment of Scotiabank President Brian J. Porter and Aaron W. Regent as new members of the Bank's Board of Directors.

"Brian is a welcome addition to the Board and we look forward to the perspective that he will bring to our discussions, given his experiences in capital markets, risk management and international banking" said Scotiabank Chairman John Mayberry.

"Aaron's wide range of experience, particularly in international markets and mining, make him a valued addition to Scotiabank and we look forward to his contribution to our continued success," said Scotiabank Chairman John Mayberry

Brian Porter is President of Scotiabank, responsible for overseeing the Bank's four business lines and execution of the Bank's strategy.  Brian joined Scotiabank in 1981, and has progressed through a series of increasingly senior positions across the Bank, including executive roles with Global Banking & Markets, Global Risk Management, Group Treasury and International Banking. Brian served as the Bank's Chief Risk Officer from 2006 to 2008, as Group Head of Risk & Treasury from 2008 to 2010 and, most recently, as Group Head of International Banking from 2010 to 2012. He was appointed President in November 2012.

Aaron Regent is the Managing Partner of Magris Resources Inc.  He was President and Chief Executive Officer of Barrick Gold Corporation from January 2009 to June 2012.  Previously, from September 2006 to December 2008, he was Senior Managing Partner of Brookfield Asset Management and Co-Chief Executive Officer of the Brookfield Infrastructure Group Inc., an asset management company.

Scotiabank is a leading multinational financial services provider and Canada's most international bank. With more than 82,000 employees, Scotiabank and its affiliates serve some 19 million customers in more than 55 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. In December 2012, Scotiabank became the first Canadian bank to be named Global Bank of the Year and Bank of the Year in the Americas by The Banker magazine, a Financial Times publication. With assets of $736 billion (as at January 31, 2013), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com

SOURCE: Scotiabank