Stephen Hart

Former Chief Risk Officer,
Scotiabank

Stephen Hart

Former Chief Risk Officer,
Scotiabank

Biography

Mr. Stephen P. Hart is former Chief Risk Officer of Scotiabank and has over 35 years of experience in the financial industry in senior and executive positions in both the United States and Canada.

Mr. Hart served as Chief Credit Officer and Executive Vice President of Scotiabank Capital Trust, a wholly owned subsidiary of The Bank Of Nova Scotia. He served as the Chief Credit Officer and Executive Vice President of The Bank Of Nova Scotia (a/k/a, Scotiabank), a holding company of Scotiabank Subordinated Notes Trust since October 2008 until September 1, 2013. Mr. Hart oversees the global management of credit risk for the Bank, including chairing the key credit committees for Canadian Banking, International Banking and Scotia Capital. He joined Scotiabank in 1978 as part of a newly created Chairman’s staff unit and has held a variety of senior positions in the United States and Canada in both origination and credit adjudication in corporate lending. Mr. Hart served as Relationship Manager based in Chicago in the early 1980s and headed up the Corporate Banking unit in Ontario in the 1990s. Since 1999, he has been in Global Risk Management; initially as Senior Vice-President, Corporate Credit and then as Senior Vice-President & Head, Credit Risk, prior to his most recent appointment in October 2008.

Mr. Hart has an engineering degree (BApSc) in geophysics from the University of Toronto and an MBA in finance from McMaster University. He and his wife, Marion, have three daughters.

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