Mr. Waugh is Chief Executive Officer and a director of The Bank of Nova Scotia (Scotiabank). He worked in increasingly senior roles at Scotiabank since he began his career as a branch employee in 1970. Mr. Waugh is a member of the Canadian Council of Chief Executives. He serves as a director of the International Monetary Conference (IMC) and is the Vice-Chair of the board of the Institute of International Finance (IIF). Mr. Waugh is a member of the Council of the Americas and is on the Chairman's International Advisory Council for the Americas Society. Mr. Waugh serves as a director of Catalyst Inc. and is Chair of the Catalyst Canada Advisory Board. He also serves on the Advisory Council of the Schulich School of Business at York University, the Guanghua School of Management at Peking University and the Canadian Museum of Human Rights. Mr. Waugh has long been active in several philanthropic organizations, including the United Way of Greater Toronto, where he was Campaign Chair in 2006. He is also a member of the board of the MS Society of Canada's Multiple Sclerosis Scientific Research Foundation. Mr. Waugh is a director of St. Michael's Hospital and was 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 and a Master of Business Administration from York University. He is a Fellow of the Institute of Canadian Bankers and has been awarded Honorary Doctor of Laws degrees from York University and Assumption University. TransCanada Committee memberships Governance Committee Other public board directorships The Bank of Nova Scotia (TSX, NYSE) TransCanada securities held 2013 Common shares 29,150 Deferred share units 4,043