State Street Corporation has appointed Brian Porter, the former chief executive of Scotiabank, to its Board of Directors, citing his extensive global banking experience and leadership track record.
State Street Elects Former Scotiabank CEO Brian Porter to Board
Porter, 67, spent more than four decades in financial services, holding senior roles across risk management, corporate banking and international markets.
As Scotiabank’s president and CEO, he oversaw revenues of nearly C$32.3 billion in his final year and steered the bank through a period of expansion that solidified its position as Canada’s third-largest lender by assets.
Earlier in his career, Porter served as Group Head of International Banking, managing Scotiabank’s operations in more than 50 countries, and held leadership positions in risk, treasury and global banking.
He began his career at investment dealer McLeod Young Weir, which Scotiabank acquired in 1988.
“We are very pleased to welcome Brian to our Board,” said Ron O’Hanley, chairman and chief executive officer of State Street. “He has extensive experience in global markets with a strong focus on clients and a track record of innovative leadership.”
Sara Mathew, State Street’s independent lead director, added that Porter’s background in steering a major bank through growth and transformation would strengthen the board’s oversight.
Porter also sits on the boards of Canadian utility Emera and insurer Fairfax Financial, and serves as chair of Huron University College and the Atlantic Salmon Federation.
He holds a commerce degree from Dalhousie University, which has also awarded him an honorary doctorate.
