Scotiabank is pleased to announce the appointment of Stephen P. Hart to the position of Chief Risk Officer, effective September 1, 2013. As Chief Risk Officer, Stephen Hart is responsible for enterprise-wide risk management at Scotiabank, including credit, market and operational risk.
Stephen joined Scotiabank in 1978 as part of a newly created Chairman’s staff unit, and has held a variety of senior positions in the United States and Canada in both origination and credit adjudication in corporate lending. He was a Relationship Manager based in Chicago in the early 1980s, and headed up the Corporate Banking unit in Ontario in the 1990s. Since 1999, he has been in Global Risk Management; initially as Senior Vice President, Corporate Credit, and then as Senior Vice President and Head, Credit Risk, before his appointment as Executive Vice President and Chief Credit Officer in October 2008. Stephen has an engineering degree (BApSc) in geophysics from the University of Toronto and an MBA in finance from McMaster University. He is a Director of Evangel Hall Mission and a Trustee of Knox Memorial Trust, both non-profit organizations.
Scotiabank is a leading multinational financial services provider and Canada’s most international bank. With more than 83,000 employees, Scotiabank and its affiliates serve some 21 million customers in more than 55 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. In December 2012, Scotiabank became the first Canadian bank to be named Global Bank of the Year and Bank of the Year in the Americas by The Banker magazine, a Financial Times publication. With assets of $743 billion (as at July 31, 2013), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS).