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Gillian Riley will succeed Brenda Rideout as president and CEO of Tangerine, effective Dec. 1, the direct bank subsidiary of Bank of Nova Scotia announced Friday.

In her new role, Riley will be responsible for setting and driving Tangerine’s strategic objectives.

“Gillian is a strategic leader with a proven track record for leading complex transformations and delivering solid business results,” Tangerine says in a news release.

Riley joined Scotiabank in 1994. Most recently, she held the role of executive vice president, commercial banking, growing the business significantly in Canada, the bank says.

“Gillian’s appointment today is a reflection of her ability to build strong teams and deliver outstanding business results,” says James O’Sullivan, group head Canadian banking, Scotiabank. “Gillian’s extensive experience in retail banking positions her exceptionally well to lead Tangerine during this time of growth.”

Rideout has served as President and CEO since 2017 and has been with the organization for over 18 years. She has led many of the bank’s most strategic initiatives including transforming Tangerine as a leading digital bank.

“We would like to thank Brenda for her many contributions to Tangerine,” says O’Sullivan. “It has been a pleasure working with Brenda. She has been an important part of Tangerine’s success.”