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Tuesday, October 2, 2012

Scotiabank names Troy Wright CEO of Mexican unit, (NYSE: BNS)

Bank of Nova Scotia named Troy Wright as president and chief executive of its Mexican unit, Grupo Financiero Scotiabank Mexico, on Tuesday.Wright, formerly the bank's executive vice president of retail distribution in Canadian banking, replaces Nicole Reich de Polignac, who stepped down abruptly in September.The bank, commonly known as Scotiabank, is Canada's third-largest bank, and operates in roughly 50 countries, with the bulk of its overseas operations in Latin America.Its Mexican unit is one of the top 10 banks in the country by assets.

The Bank of Nova Scotia (the Bank) is a diversified financial institution. Shares of BNS fell by 0.11% or $-0.06/share to $54.83. In the past year, the shares have traded as low as $45.79 and as high as $57.57. On average, 467544 shares of BNS exchange hands on a given day and today's volume is recorded at 83627.



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