Scotiabank announces new chief risk officer

A retiring industry veteran is to be succeeded by an executive who’s been with Scotia since 1997

Scotiabank announces new chief risk officer
Scotiabank has announced the retirement of its chief risk officer, Stephen Hart. Stepping in to fill the post is Daniel Moore.

Over a career that’s lasted almost 40 years, Hart has held a variety of senior roles at Scotiabank. He has taken on several senior positions in credit and risk management, both in the US and Canada. In the last four years, he has led the global risk management unit as chief risk officer, during which he reported to Scotiabank President and CEO Brian Porter and the risk committee of the board.

“I want to congratulate Stephen on his retirement and thank him for his dedication over an exceptional 40-year career at Scotiabank,” Porter said. “He has always led by example in upholding the highest standards and in living our values.”

Moore started his current role executive vice president and chief market risk officer in November. Prior to that, he ran the global banking and markets business in the Asia-Pacific region. Before that, he had taken on senior roles in energy, credit, and equity derivatives; he has also been head of cross markets as well as structured products. Since he joined Scotia in 1997, he has developed risk management strategies that line up with the bank’s risk tolerance, business objectives, and customer focus.

“Daniel is very well-suited to the chief risk officer role,” Porter said. “He is a proven leader with excellent strategic insights and extensive risk management, international and capital markets experience.”

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