Seeking Alpha

Scotiabank shifts lines of command as COO retires

  • Sabi Marwah is stepping down from the COO post at Scotiabank (BNS) on May 30 after a 35-year history at the bank. Alongside his retirement is a "realignment of key executive reporting relationships," with CFO Sean McGuckin assuming expanded responsibility and reporting directly to CEO Brian Porter.
  • Also now reporting directly to the company chief are the bank's General Counsel, Treasurer, technology head, and Chief Auditor.
  • Press release
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