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Scotiabank’s Waugh Will Be Replaced by Porter After Retirement

Bank of Nova Scotia said Chief Executive Officer Rick Waugh will retire Nov. 1 and be replaced by Brian Porter.

Waugh will stay on the board and become deputy chairman until Jan. 31, 2014, the Toronto-based lender said today in a statement.

To contact the reporter on this story: Rick Green in New York at rgreen18@bloomberg.net

To contact the editor responsible for this story: Steven Crabill at scrabill@bloomberg.net

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