Oct 9 (Reuters) - Bank of Nova Scotia ( BNS ) on

Wednesday named insider Terri-Lee Weeks as the chief executive

of its unit Tangerine, effective Nov. 1, to succeed incumbent

Gillian Riley who will retire after a 31-year stint at the

Canadian lender.

Weeks joined Scotiabank in September 2021 as executive vice

president, Retail Customer.

Riley joined the Canadian lender in 1994 and since then has

held several senior executive positions in its commercial

banking, small business, retail banking and wealth management

businesses. She was the President and CEO of Tangerine for the

last six years.

Tangerine, previously known as ING Direct was started in

1997. It was rebranded after Scotiabank bought the business from

Netherlands-based parent ING Groep in 2012 for C$3.1 billion.

Last month, Scotiabank's peer TD Bank also announced

that its CEO Bharat Masrani will retire next year.