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THE BANK OF NOVA SCOTIA

Jan 21, 2020 351

HISTORY:

The Bank of Nova Scotia (French: Banque de la Nouvelle-Écosse), operating as Scotiabank (French: Banque Scotia), is a Canadian multinational bank. It is the third largest bank in Canada by deposits and market capitalization. It serves more than 23 million customers in over 55 countries around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With assets of $856.5 billion, Scotiabank shares trade on the Toronto and New York Stock Exchanges.

Originally founded in Halifax, Nova Scotia in 1832, the bank moved its executive offices to Toronto, Ontario, in 1900. Scotiabank has billed itself as "Canada's most international bank" due to its acquisitions primarily in Latin America and the Caribbean, and also in Europe and India. Through its subsidiary ScotiaMocatta it is a member of the London Bullion Market Association and one of five banks that participates in the London gold fixing.

Scotiabank's Institution Number (or bank number) is 002. The company ranked at number 41 on the SNL Financial World's 100 biggest banks listing, September 2013 and is under the leadership of President and CEO Brian J. Porter.

 

CEO: Brian J. Porter