David Wilson has been appointed vice chairman of Scotiabank and chairman and CEO of Scotia Capital, effective today.

Wilson will be responsibility for the group’s extensive corporate and investment banking activities worldwide.

“David Wilson has helped build a highly successful Scotia Capital platform which continues to serve our clients around the world extremely well,” says Scotiabank chairman and CEO, Peter Godsoe.

Wilson was previously co-chairman and co-CEO of Scotia Capital, a position he had held since 1999. He joined the corporate finance department of McLeod Young Weir in 1971, prior to Scotiabank’s acquisition of the brokerage firm in 1987. Over the years he assumed increasing responsibilities in postings in Vancouver and Toronto and was subsequently named managing director of Corporate Finance in 1989. In 1993, Wilson was appointed president and deputy CEO of ScotiaMcLeod.

Wilson is a member of the board of directors of Rogers Communications Inc., the University of Toronto Press and the Art Gallery of Ontario, as well as a member of the Ontario Government’s Advisory Committee which is reviewing the Ontario Securities Act. In addition, Wilson is a past chairman of the Investment Dealers Association of Canada, and a past director of the United Way of Greater Toronto and the National Ballet of Canada.

Also today, the bank appointed Barry Luter as senior executive vice president of Scotiabank and head of Scotia Capital’s U.S. and European Operations, effective immediately. Luter was previously co-chairman and co-CEO of Scotia Capital. Luter will be based in New York to spearhead the group’s continued relationship banking growth strategies in the U.S. market.

“Barry Luter has been instrumental in helping to create Scotia Capital through the successful integration of Scotiabank’s corporate and investment banking businesses. Now, he will focus on driving the transformation and reorganization of our U.S. relationship banking,” says. Godsoe.

Luter first joined Scotiabank in London, England in 1969 and transferred to Toronto two years later. He has worked in audit, international corporate credit and corporate banking, becoming assistant general manager, Corporate Banking, in New York in 1986 and then senior vice president, Corporate Banking, in London, England the following year. Luter returned to Toronto in 1990 as executive vice president of Retail Banking and two years later moved back to New York as executive vice president, Corporate Banking.

Luter is chairman of Scotiabanc Inc. and Scotiabank Europe plc, and he is a director of The Bank of Nova Scotia Trust Company of New York. He serves on the boards of several other Scotiabank subsidiaries.