Scotiabank Adds Central Bank Veteran Perrault as Chief Economist

  • Perrault previously worked at Canadian government, IMF
  • Replaces Jestin who is retiring after almost 40 years

Bank of Nova Scotia hired Jean-Francois Perrault, a veteran of the Bank of Canada and the country’s finance department, as chief economist to replace Warren Jestin, who is retiring.

Perrault had also previously held posts at the International Monetary Fund and the World Bank, according to a statement.

"Jean-François’s in-depth analytical knowledge on a wide range of economic and fiscal issues, along with his extensive experience will be a tremendous asset," Sean McGuckin, the bank’s chief financial officer, said in the statement.

Jestin will retire in March after almost 40 years with the bank.