Scotiabank is pleased to announce the appointment of Terry Fryett as Executive Vice President and Chief Credit Officer, effective September 1, 2013. As Executive Vice President & Chief Credit Officer for Scotiabank, Terry Fryett oversees the global management of credit risk for the Bank, including chairing the key credit committees for Canadian Banking, International Banking and Global Banking and Markets.
Terry joined Scotiabank in 1977 and held numerous corporate banking roles in Toronto, Calgary, Houston, New York and the United Kingdom, where he was CEO of Scotiabank Europe Plc. He returned to Canada in 2004 as Senior Vice President and Chief Financial Officer, Scotia Capital (now Global Banking and Markets). Prior to his latest appointment, he served as Senior Vice President, Global Risk Management, since 2006. Terry holds Bachelor of Commerce and Master of Business Administration in Finance degrees from McMaster University. He is a director of the Principles Consultative Group of the International Institute of Finance (IIF).
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).