TORONTO, April 9, 2019 /CNW/ - Scotiabank (TSX: BNS) (NYSE: BNS) today announced the appointment of Aaron W. Regent as Chairman of the Board of Directors following his re-election to the board at Scotiabank's Annual Meeting of Shareholders. Mr. Regent succeeds Tom O'Neill who retired as Chairman of the Board.

"It is with full confidence that the board has elected Aaron as the incoming Chairman, following the Annual Meeting of Shareholders," said Tom O'Neill. "Aaron has been a valuable and critically important member of our board since 2013. He brings a breadth and depth of experience to this position and I wish him my very best as he undertakes his new responsibilities."

A Scotiabank board director since 2013, Mr. Regent has contributed expertise in the areas of accounting and finance, capital markets, governance, human resources and executive compensation, and risk management. He most recently served as the chair of the board's human resources committee and as a member of its risk committee.

Mr. Regent is the Founding Partner of Magris Resources Inc. and Chairman and Chief Executive Officer of Niobec Inc. Previously, Mr. Regent was President and Chief Executive Officer of Barrick Gold Corporation, a Senior Managing Partner of Brookfield Asset Management and Co-Chief Executive Officer of the Brookfield Infrastructure Group, and President and Chief Executive Officer of Falconbridge Limited.

Mr. Regent holds a B.A. from the University of Western Ontario and is a chartered accountant and a Fellow of CPA Ontario.

Mr. O'Neill retired as Chairman of the Board at the close of Scotiabank's 187th Annual Meeting of Shareholders held earlier today. Mr. O'Neill was appointed to the Scotiabank Board in 2008 and served as Chairman since 2014.

Final voting results on all matters voted on at the Annual Meeting of Shareholders held earlier today will be published shortly on www.scotiabank.com and filed with the Canadian and U.S. securities regulators.

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 98,000 employees and assets of over $1 trillion (as at January 31, 2019), 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

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