Toronto-based Bank of Nova Scotia (TSX:BNS) announced two key upcoming changes to its executive suite on Monday.
Anatol von Hahn, group head of Canadian banking, will retire on June 19. James O’Sullivan, currently executive vice president of global wealth management, will step into von Hahn’s role that same day.
“Anatol has had a long and distinguished career with Scotiabank having made significant contributions to our businesses in key leadership roles in our international and Canadian banking business lines,” says Brian Porter, president and CEO of Scotiabank. “James has a successful track record in capital markets, asset management and wealth. His experience in focusing on the customer and building high performance teams will serve our customers and shareholders well.”
The bank announced that Jeff Heath, executive vice president and group treasurer, will also retire on June 19. Andrew Branion, executive vice president and chief market risk officer, will assume Heath’s role effective that same day.
“Jeff has made significant contributions over his 30-year career in building the bank’s reputation in the risk management and treasury areas through his expertise, commitment and perspective,” Porter says. “Andrew brings extensive experience in both capital markets and risk management to his new role. He has played a leadership role in influencing how the bank thinks about risk in the trading businesses, as well as operational and enterprise risk management.”