TORONTO, March 9, 2017 /CNW/ - Scotiabank today announced the retirement of Chief Risk Officer, Stephen Hart, after a distinguished career spanning almost 40 years.   Daniel Moore, Executive Vice President and Chief Market Risk Officer, will succeed Stephen as Chief Risk Officer, effective April 3, 2017.

Stephen held a variety of senior positions at Scotiabank in credit and risk management in the United States and Canada, and for the last four years he led Global Risk Management as Chief Risk Officer, reporting to Brian Porter and the Risk Committee of the Board. 

Daniel Moore became Executive Vice President and Chief Market Risk Officer in November, 2016. Previously he ran the Global Banking and Markets business in Asia-Pacific.  Daniel joined Scotiabank in 1997 in Risk Management and his previous roles include launching the Global Banking and Markets business in Ireland, Head of Cross Markets, and Structured Products, and senior roles in Energy, Credit, and Equity Derivatives. He brings a strong focus in developing risk management strategies that align with the Bank's risk tolerance, business objectives and customer focus.

"I want to congratulate Stephen on his retirement and thank him for his dedication over an exceptional 40-year career at Scotiabank.  He has always led by example in upholding the highest standards and in living our values, and he has worked to embed our risk appetite and risk culture across every part of the Bank," said Brian Porter, President and CEO, Scotiabank.

"Daniel is very well-suited to the Chief Risk Officer role – he is a proven leader with excellent strategic insights and extensive risk management, international and capital markets experience.  Our customers and stakeholders will continue to be well served with Daniel in this critical role," added Porter.

About Scotiabank

Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 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 88,000 employees and assets of $887 billion (as at January 31, 2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank