Sco­tia­bank Trinidad and To­ba­go Ltd yes­ter­day an­nounced that Richard P Young is re­tir­ing as the bank's coun­try head and man­ag­ing di­rec­tor af­ter 17 years. The bank, in a state­ment yes­ter­day, said Young has cho­sen to re­tire ef­fec­tive Oc­to­ber 31. The state­ment quot­ed the bank's chair­man and group head of in­ter­na­tion­al bank­ing of Sco­tia­bank Bri­an Porter as say­ing: "Since join­ing us in 1995, Richard has been a key con­trib­u­tor to our suc­cess in in­ter­na­tion­al bank­ing and in par­tic­u­lar, to our suc­cess in Trinidad and To­ba­go. "He has demon­strat­ed a strong com­mit­ment to our cus­tomers, the com­mu­ni­ty and his col­leagues. The bank very much ap­pre­ci­ates his con­tri­bu­tion."

Young joined the bank in 1995 and since 1997 has led the team at Sco­tia­bank through a sig­nif­i­cant pe­ri­od of growth and change. Un­der his stew­ard­ship, Sco­tia­bank Trinidad and To­ba­go's as­sets grew by more than 200 per cent. Young was al­so quot­ed in the state­ment as say­ing: "It has been a most re­ward­ing ex­pe­ri­ence and I will miss the bank and the peo­ple, but I am con­fi­dent that they are in a great po­si­tion and well-placed for con­tin­ued suc­cess in­to the fu­ture." Un­der Young's lead­er­ship, Sco­tia­bank in Trinidad and To­ba­go ex­pand­ed from two com­pa­nies to six, in­clud­ing a char­i­ta­ble foun­da­tion, a bro­ker­age firm and an in­sur­ance com­pa­ny.