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Bank of Nova Scotia
Scotiabank offers personal, business, and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
Bank of Nova Scotia
Scotiabank offers personal, business, and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The firm has a global team of approximately 90,000 Scotiabankers. Scotiabank provides services in multiple countries, including Canada, Australia, and the United Kingdom.
General information
Firm type
Asset Manager
Year founded
1832
Location
Region
North America
Country
Canada
City
Toronto
Corporate office
Toronto, Ontario, Canada
Principals
Scott Thomson
President and Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Scotia Global Asset Management?
Scotia Global Asset Management operates as a multi-boutique structure. Its key investment entities include 1832 Asset Management, which runs in-house public-market strategies, and Jarislowsky Fraser, a Montreal-based global equity manager acquired in 2018 that maintains investment autonomy. The division reports through the Global Wealth Management leadership chain, which as of 2023 falls under Group Head Jacqui Allard.
How is the bank's alternative-investment activity structured?
Scotia does not consolidate alternatives into a single branded unit. Its real estate arm manages direct commercial property holdings in Canada and the US. Infrastructure and energy-transition project finance sit within Global Banking and Markets, while private credit — focused on mid-market Canadian and US borrowers — is originated by dedicated teams under that same division. There is no standalone alternatives AUM disclosure.
Is Scotia scaling back its international wealth footprint?
Yes. Under Scott Thomson, appointed CEO in February 2023, Scotia announced it would exit or sell wealth and commercial operations in nine Caribbean and Central American markets to refocus capital on its North American, Mexican, and Pacific Alliance operations. The bank retains wealth-management scale in Peru, Chile, Colombia, and Mexico.
What sectors does Scotia target for private credit and project finance?
Private-credit activity concentrates on mid-market corporate lending across healthcare, industrials, technology, and business services, predominantly in Canada and the US. Its project-finance book skews heavily toward renewable energy — solar, wind, and hydro — and infrastructure assets throughout the Americas. Energy transition is a publicly stated strategic priority.
How does Scotia source proprietary deal flow?
Scotia's commercial banking and global transaction-banking relationships in the Pacific Alliance countries generate pipeline for its project-finance and infrastructure teams. In Canada, its position as a primary lender to mid-market companies feeds private-credit origination. The 2021 acquisition of a minority stake in US regional bank KeyCorp was intended to open a cross-border referral channel, though its activated deal flow has not been publicly quantified.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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