TORONTO, Feb. 7, 2019 /CNW/ - Scotiabank (TSX: BNS) (NYSE: BNS) today announced the appointment of Tom McGuire as Executive Vice President and Group Treasurer, effective February 11, 2019.  Tom succeeds Andrew Branion who will be retiring from the Bank and pursuing new professional opportunities.  Andrew will continue to serve in his capacity as the Chairman of the board of directors of Scotiabank (Ireland) Designated Activity Company. Over the course of his 22-year career with Scotiabank, Andrew has helped evolve how the Bank thinks about risk in the trading business, as well as operational risk and enterprise risk management.

"Tom has a strong background in treasury and capital markets and has played a key role in managing risk and protecting the Bank's reputation," said Brian Porter, President and Chief Executive Officer, Scotiabank. "His experience will be critical to helping the Bank deliver on its key priorities."

As Executive Vice President and Group Treasurer, Tom will be responsible for managing Scotiabank's global treasury and investment operations, including medium-term and capital funding, asset/liability management, liquidity and public and private investment portfolios.

Tom joined Scotiabank in 2018 as Senior Vice President and Deputy Treasurer, where he was responsible for managing the Bank's funding and liquidity.

Previously, he held the position of Treasurer for Barclays Americas and Barclays Group U.S. LLC, an intermediate holding company. Prior to becoming Treasurer, he worked in the office of the CEO Americas where he focused primarily on regulatory reform initiatives. He also held lead roles in the capital markets groups of Goldman Sachs, Lehman Brothers and Barclays.

Tom was an infantry officer in the United States Marine Corps and holds a Bachelor of Arts degree from Harvard University and a Doctor of Jurisprudence from the University of Virginia School of Law.

About Scotiabank

Scotiabank is Canada's international bank and a leading financial services provider in the Americas. We are dedicated to helping our 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. With a team of more than 97,000 employees and assets of $998 billion (as at October 31, 2018), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank