TORONTO, ON - January 25, 2016 /CNW/ -  Scotiabank (TSX: BNS) (NYSE: BNS) is pleased to announce that Scott Bonham has been appointed a new member of the Bank's Board of Directors.

"Scott brings extensive experience as an entrepreneurial technology investor with deep connections in Silicon Valley, China and Canada," said Thomas O'Neill, Chairman of the Board of Directors at Scotiabank. "His passion for innovation and deep roots in the technology sector will be a great asset to the Board."

Scott is the Co-Founder and Partner of The Fueling Station, a real estate management company that manages properties serving Canadian entrepreneurs and start-up companies. Prior to this role, he helped build a leading venture capital firm, GGV Capital, that raised more than $2 billion and has invested in more than 100 companies through a span of industries including consumer internet, mobile computing and enterprise software, in the U.S. and China.

Prior to co-founding GGV in 2000, he served as Vice President of The Capital Group Companies where he managed technology investments across several mutual funds. Scott also served in various marketing roles at Silicon Graphics.

Scott is an active board member of the C100, an association that connects Canadian entrepreneurs and companies with its Silicon Valley network. In addition, he has extensive private and public company board experience including in audit, nominating, and risk committee roles.

Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. 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 approximately 90,000 employees and assets of $856 billion (as at October 31, 2015), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using CNW. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankNews.