Richard (Rick) E. Waugh, O.C.Printer Version
Rick Waugh is Deputy Chairman of Scotiabank. He began his career with Scotiabank in Winnipeg in 1970 as a branch employee and, over the years, has served in the Bank's treasury, corporate, international and retail banking areas. In 1985, he moved to New York as the most senior executive in the U.S. Rick returned to Toronto in 1993, and was appointed Vice-Chairman, Corporate Banking, in 1995, and Vice-Chairman, International Banking and Wealth Management in 1998. He was appointed President in January 2003 and became President and CEO later that year, serving in both roles until October 2012. Rick served as CEO until October 31, 2013. He currently serves on the Board of Directors of the Bank.
Outside the Bank, Rick is a member of the Council of the Americas, and is on the Chairman's International Advisory Council for the Americas Society. He is Co Chair of the Canada-Brazil CEO Forum. He also serves on the Board of Directors for TransCanada Corporation. In addition, he serves on the Advisory Council of the Schulich School of Business at York University, and on the External Advisory Council of the Inter-American Development Bank.
Rick has long been active in several philanthropic organizations. Among them is the United Way of Greater Toronto, where he was Campaign Chair in 2006, the organization's 50th anniversary. He has also worked extensively with the MS Society and is a Board member for their Scientific Research Foundation. He is a director of St. Michael's Foundation and Co-Chair of the Hospital's Campaign to build the Li Ka Shing Knowledge Institute.
Rick holds a Bachelor of Commerce (Honours) degree from the University of Manitoba, a Master of Business Administration from York University, a Fellow of the Institute of Canadian Bankers, and Honorary Doctor of Laws degrees from York University and Assumption University. In 2012, Rick was appointed an Officer of the Order of Canada for his contributions to strengthening the financial services industry in Canada and abroad. He received the 2011 International Award from the Horatio Alger Association of Distinguished Americans. In 2009, he received the Corporate Social Responsibility Award from the Foreign Policy Association in New York, and had the Order of Merit conferred upon him by the President of the Dominican Republic for distinguished service to the country. He was awarded the 2008 Award of Merit from B'nai Brith Canada, and the 2007 Merit of Honor, Council of the Americas, for his distinguished contribution to the Americas.
Public Company Directorships:
- TransCanada Corporation
- TransCanada PipeLines Limited
Scotiabank Board Details:
- Age 65
- Director since March 25, 2003
- Will retire on January 31, 2014
- Meets Share Ownership Guidelines
- Non-independent (Deputy Chairman of the Bank)
Areas of Expertise
- International Markets