Backgrounder

From the Prime Minister's Web Site (http://www.pm.gc.ca/)

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Biography Rick Waugh

August 10, 2011
Brasília, Brazil

Prime Minister Stephen Harper announced the appointment of Mr. Rick Waugh as Canadian co-chair of the new Canada-Brazil CEO Forum. The Forum was announced jointly with Brazilian President Dilma Rousseff during the Prime Minister's visit to Brasília on August 7, 2011.

Mr. Waugh is currently President and CEO of Scotiabank, a position he has held since 2003.

He began his career with Scotiabank in 1970 as a branch employee. Over the years, he has served in the Bank's treasury, as well as in the corporate, international and retail banking areas. He was appointed Vice-Chairman, Corporate Banking, in 1995, and Vice-Chairman, International Banking and Wealth Management, in 1998. He currently serves on the Board of Directors of the Bank. He is also a member of the Council of the Americas, and is on the Chairman's International Advisory Council for the Americas Society.

Outside Scotiabank, Mr. Waugh is an active community leader. He serves on a wide variety of corporate, academic and philanthropic councils and boards. Mr. Waugh is active in several charitable organizations, including 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, both as Honourary Chair of the endMS Capital Campaign and as a Board member for their Scientific Research Foundation. He is a director of St. Michael's Hospital and Co-Chair of the Hospital's Campaign to build the Li Ka Shing Knowledge Institute.

Mr. Waugh holds a Bachelor of Commerce (Honours) degree from the University of Manitoba, a Master of Business Administration from York University, and Honorary Doctor of Laws degrees from York University and Assumption University. He is a Fellow of the Institute of Canadian Bankers. He was also awarded the Merit of Honor, Council of the Americas, for his distinguished contribution to the Americas.

Rick and his wife have three sons.

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The Prime Minister's Office - Communications
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