Bloomberg News

Bank of Nova Scotia Awarded Chief Executive Waugh C$10.6 Million Last Year

February 27, 2012

Bank of Nova Scotia, Canada’s third- largest bank, awarded Chief Executive Officer Richard Waugh C$10.6 million ($10.6 million) in total compensation last year.

Scotiabank paid Waugh C$1.5 million in salary, C$3.86 million in share awards, C$3.86 million in options and C$1.4 million in annual incentives, the Toronto-based bank said today in a filing to Canadian regulators.

To contact the reporter on this story: Sean B. Pasternak in Toronto at

To contact the editors responsible for this story: David Scanlan at; David Scheer at

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