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| Rick Waugh and Brian Porter |
The new president of the Bank of Nova Scotia, Brian Porter, is sticking with the bank’s South American strategy. Previous post. As Mr. Porter’s accession was announced today he told media that Scotiabank will check “its “existing footprint” in Latin America and Asia when looking for acquisitions. He takes over next November from Rich Waugh as BNS chief executive. Waugh has been Scotiabank’s leader for a decade and is a 43 year veteran of the bank. He has overseen the country’s most international bank with extensive operations in Latin America and the Caribbean. Scotiabank has also been building operations in Asia. Earlier the year, the bank announced that a fund management joint venture with the Bank of Beijing received regulatory approval for a license to operate in China.
