International Banking Leader Ignacio Deschamps Named Strategic Advisor to the CEO for Global Digital Banking

　　TORONTO, ON--(Marketwired - December 01, 2015) - Scotiabank President and Chief Executive Officer Brian Porter today announced the appointment of Ignacio 'Nacho' Deschamps as Strategic Advisor, Global Digital Banking to the President and CEO, effective January 4.

　　In addition to working closely with Mr. Porter and leaders across the Bank's businesses, Mr. Deschamps will partner with technology Co-Heads Michael Zerbs and Kyle McNamara to accelerate Scotiabank's digital transformation, to reimagine and simplify the customer experience, and to digitize the Bank's systems and processes around the world.

　　"Nacho is a talented and very experienced global banker. His leadership in navigating and leveraging digital banking trends, and his deep banking expertise in key international markets, will provide tremendous benefit to Scotiabank," said Brian Porter, President and Chief Executive Officer.

　　At Scotiabank, he will be tasked with refining a digital banking roadmap and prioritizing investments and resources to accelerate the Bank's digital transformation. Mr. Deschamps will have offices in New York and Toronto.

　　Enhancing Scotiabank's leadership depth, deployment and diversity is part of the Bank's strategic agenda, and increasingly Scotiabank's leadership is reflecting our global footprint. Mr. Deschamps is an international banking executive with 30 years of experience, and he is a digital banking innovator with a proven track record in transforming customer and business operations.

　　Formerly Chairman and CEO of BBVA Bancomer, Mexico's largest bank, Global Head of Retail Banking at BBVA, and President of the Mexican Banking Association, Mr. Deschamps developed significant banking experience in a career that spans many international markets. In his most recent role, he developed extensive 'FinTech' relationships and digital experience in the U.S. and other markets.

　　Select Career Highlights:

　　· Educational background in industrial engineering from Instituto Politécnico Nacional and a Masters of Engineering Administration from The George Washington University.

　　· 30-year banking career including Inter-American Development Bank, Bancomext, Bancomer and BBVA, where he was a member of the Global Executive Committee from 2006 to 2015.

　　· Former President of the Mexican Banking Association, where he led significant consultations with government, regulators and key stakeholders during the financial crisis.

　　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 parts of Asia. 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 approximately 90,000 employees and assets of $856 billion (as at October 31, 2015), 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 @ScotiabankNews.

　　CONTACT INFORMATION

　　·For media enquiries:

　　Diane Flanagan

　　Public, Corporate and Government Affairs

　　Scotiabank

　　(416) 933-2176

　　[email protected]

　　For investor enquiries:

　　Jake Lawrence

　　Investor Relations

　　Scotiabank

　　(416) 866-5712

　　[email protected]