Mr. O’Neill is a corporate director and the retired Chair of the Board of PwC Consulting. He was formerly Chief Executive Officer of PwC Consulting, Chief Operating Officer of PricewaterhouseCoopers LLP, Global, Chief Executive Officer of PricewaterhouseCoopers LLP, Canada and Chair of the Board and Chief Executive Officer of Price Waterhouse Canada. He holds a Bachelor of Commerce from Queen’s University and is a chartered accountant. In 2008, Mr. O’Neill was awarded a Fellowship by the Institute of Corporate Directors of Canada, in 2005, an Honorary Doctorate of Law by Queen’s University and in 1988, the Fellow Chartered Accountant designation by the Ontario Institute of Chartered Accountants.

Mr. O’Neill currently sits on the boards of Bell Canada Enterprises Inc., Loblaw Companies Limited, Nexen Inc., Adecco S.A. and St. Michael’s Hospital. He is a member of the External Audit Committee of the International Monetary Fund and former Vice-Chair of the Board of Governors of Queen’s University. He is also past Director of the Ontario Teachers’ Pension Plan (2003 – 2007). In addition, during the period from 2003 to 2007 Mr. O’Neill also served as a director of Dofasco Inc., a publicly-traded company.

Areas of Expertise:

• Finance
• Management

Scotiabank Board Details:

• Director since May 26, 2008
• Member of: Audit and Conduct Review Committee
• Meets Share Ownership Guidelines
• Independent
• Latest Retirement Date: ineligible for re-election in 2016