Scotiabank’s Von Hahn to Retire, Replaced by O’Sullivan

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Bank of Nova Scotia said Anatol von Hahn, group head of Canadian banking, will retire this month and be replaced by James O’Sullivan, who oversees global wealth management.

“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,” Chief Executive Officer Brian Porter, 57, said in a statement Monday.

Von Hahn is the fourth key senior executive to depart since Porter took over as CEO in November 2013. Chris Hodgson, group head of global wealth and insurance, retired in October ahead of a realignment. Chief Operating Officer Sarabjit Marwah retired a year ago after 35 years, a month after Stephen McDonald, co-CEO of Global Banking and Markets, left following a 30-year banking career.

Von Hahn joined Scotiabank in 1984 and held various positions in both Canadian and international banking during his career at the Toronto-based lender, including roles in Singapore, Chile, Argentina and Mexico, according to a company biography. He’s been group head of Canadian banking since October 2010.

O’Sullivan was named executive vice president of global wealth management in November and previously oversaw global asset management. He’s been with Scotiabank since 1990 and also held senior roles in investment banking and mergers and acquisitions, according to his biography.

Scotiabank also said Jeff Heath, executive vice president and group treasurer, will be retiring on June 19. Andrew Branion, executive vice president and chief market risk officer, will succeed him.

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