TORONTO, ON - January 27, 2015 /CNW/ - Scotiabank is pleased to announce that William Fatt has been appointed a new member of the Bank's Board of Directors.

"Bill brings more than 30 years of finance, investment, capital markets and international experience to Scotiabank's Board of Directors," said Scotiabank Board Chairman Thomas O'Neill. "His expertise, particularly in leading and growing a Canadian-based organization to a global company spanning 34 countries, will be a valued addition to our Board and we look forward to his contributions."

Mr. Fatt has been Chairman & CEO of FRHI Hotels & Resorts for 16 years. Under three leading brands, Fairmont Hotels & Resorts, Raffles Hotels & Resorts and Swissôtel Hotels & Resorts, FRHI operates hotels around the world. As Chairman & CEO, Mr. Fatt has led the transformation of the company from a small chain of almost 30 luxury hotels in Canada with 10,000 employees to a global hotel management company that today operates in 34 countries and boasts more than 110 hotels, 42,000 guestrooms and a global workforce of 45,000 colleagues.

Prior to becoming Chairman & CEO, Mr. Fatt served as CFO of Canadian Pacific Limited, the parent company of Fairmont Hotels & Resorts' predecessor, Canadian Pacific Hotels.

In addition to his role as Chairman of the Board of Directors of FRHI, Mr. Fatt also sits on the Board of The Jim Pattison Group.

Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 86,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $806 billion (as at October 31, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York (NYSE: BNS) Exchanges. Scotiabank distributes the Bank's media releases using CNW. For more information please visit www.scotiabank.com.