Newly created global role responsible to lead Scotiabank’s enterprise-wide digital transformation

TORONTO, ONTARIO – Marketwired – June 23, 2016 – Scotiabank TSX:BNS NYSE:BNS announced today that it has appointed Silicon Valley technology leader Shawn Rose to the newly created position of Executive Vice President, Digital Banking. In this role, Shawn will create and lead an integrated global, enterprise-wide digital banking team to accelerate the transformation of the Bank’s global retail banking operation, and build upon the considerable momentum Scotiabank has generated in its digital transformation over the past 12 months.

“We have made tremendous progress on our digital strategy over a short period of time,” said Brian Porter, Scotiabank’s President and Chief Executive Officer. “We have become much more Agile, developed creative and effective approaches to building new partnerships, and encouraged our employees to bring new ideas to market more quickly. Shawn will help us capitalize on the momentum we have generated thus far in our digital transformation and build out a fully integrated global Digital Banking Team.”

Shawn will report to Ignacio Nacho Deschamps, Group Head, International Banking and Digital Transformation, and will also work closely with James O’Sullivan, Group Head of Canadian Banking, as well as the Bank’s Co-Heads of Information Technology, Michael Zerbs and Kyle McNamara.

“Shawn brings together the four key elements we were looking for in our lead digital banking executive as well as the passion to inspire our team,” said Nacho Deschamps. “He has a global perspective gained over more than 20 years leading international teams, and a deep understanding of how to lead Agile work processes, and digital marketing and sales teams. In addition, his expertise in digital-first product development and in digital content creation will help us accelerate our digital transformation. I am looking forward to working closely with Shawn to execute on a digital strategy that is consistent across our global footprint and ensures all of our customers have access to an excellent digital banking experience.”

Shawn will bring together a team that will partner with business units across Canada and in key international markets to build on the digital momentum already under way. The team will be responsible for driving the innovation agenda, building digital sales and marketing capabilities and improving customer experience and operational efficiency.

About Shawn Rose:

Shawn Rose has more than 20 years of experience in digital transformation and product management in globally complex and FinTech organizations. Much of this experience has been in Silicon Valley. Most recently, he served as Group Chief Product Officer at Moneysupermarket.com, and previously as a Chief Technology Officer and Vice President of Core Platforms at Pearson LLC, the largest education company and book publisher in the world. He also held senior roles at Ustream, FOX Broadcasting and CBS Interactive.

About Scotiabank:

Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 89,000 employees and assets of f895 billion as at April 30, 2016, Scotiabank trades on the Toronto TSX: BNS and New York Exchanges NYSE: BNS. Scotiabank distributes the Bank’s media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

For media enquiries only:

Marcelo Gomez-Wiuckstern

Public, Corporate and Government Affairs

Scotiabank

416 933-1344

Marcelo.gomez-wiuckstern@scotiabank.com