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After 45 years, Matalon resigns as Scotia director

Published:Wednesday | June 1, 2011 | 12:00 AM
Mayer Matalon

Mayer Matalon has resigned his seat on the board of two Scotiabank companies after 45 years as a director with the banking group.

He became a director of Bank of Nova Scotia Jamaica on December 15, 1966 and was deputy chairman for most of his tenure, the banking group said. On March 15, 2007, after a reorganisation of the group operations, he was also named deputy chairman of the newly created Scotia Group Jamaica Limited.

"Mayer Matalon's contribution to the Bank of Nova Scotia's business in Jamaica is widely recognised both inside and outside the bank," said Scotia Group Chairman Brian Porter in a company-issued statement.

"His experience across the Caribbean and Central America has been invaluable to us over the past four decades."

President and CEO Bruce Bowen also lauded Matalon, 89, as a "mentor" and source of "strong counsel" to successive managing directors of the bank.

In September 2006, the Scotiabank Jamaica Foundation/Mayer Matalon Undergraduate Scholarship was established in the deputy chairman's honour. The scholarship is tenable at the Department of Management Studies, University of the West Indies.

Matalon's tenure on Scotiabank's board ended Sunday, May 26.

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