Scotia bank
#301
Rank
$65.89B
Marketcap
Canada
Country
Mr. Rajagopal Viswanathan (Group Head & CFO)
Mr. Ignacio Deschamps (Group Head of International Banking & Digital Transformation)
Summary
Scotiabank is a leading financial services provider in the Americas. Founded in 1832, Scotiabank is one of the oldest banks in Canada, and offers a wide range of products and services to individuals, small businesses, and commercial customers. The bank operates in over 55 countries worldwide, including Canada, the United States, Mexico, Peru, Chile, and the Caribbean. Scotiabank provides a range of banking services, such as deposits, loans, investments, mortgages, and credit cards. The bank also offers wealth management and insurance solutions, and provides access to digital banking solutions.
History
The Bank of Nova Scotia, better known as Scotiabank, was established in Halifax, Nova Scotia, in 1832 by a Royal Charter of 1832. Founded as a commercial bank, Scotiabank has since evolved into a diversified financial services provider. Over the past 198 years, Scotiabank has grown to become a leading global financial institution, with operations in more than 55 countries around the world. Scotiabank has made a number of important acquisitions and partnerships since its inception, including investments in banking and financial institutions in the Caribbean and Central and South America. In 1967, the bank acquired Goguen Bisson & Co., a leading merchant bank in the Province of Québec. In 1974, Scotiabank acquired the Bank of New Brunswick, giving it a presence across the Atlantic provinces. In 1995, Scotiabank purchased Newcourt Credit Group, allowing it to expand its operations in corporate and consumer finance. Through partnerships and additional acquisitions, Scotiabank has continued to expand its operations. In 1999, the bank became a founding partner of the Scotia Plaza, one of the tallest buildings in Canada. In 2000, the bank added an independent asset management company to its portfolio with the acquisition of Dundee Bancorp. The bank further evolved in 2002 when it acquired a minority stake in the Industrial and Commercial Bank of China. Scotiabank underwent a major restructuring and rebranding in the early 2010s, with a renewed focus on customer service. This included a new tagline – “You’re Richer Than You Think” – new service standards and initiatives, and an increased emphasis on digital and mobile banking. Today, Scotiabank is the third-largest bank in Canada and has operations around the world. The bank provides retail, commercial, and institutional banking services, and also has a presence in wealth management, insurance, and capital markets.
Mission
Scotiabank’s mission is to help our customers, employees, and shareholders achieve financial success and prosperity. We strive to be the best bank in the world in providing peace of mind and lasting value to our customers through a full range of banking and non-banking services.
Vision
Scotiabank’s vision is to be the most dependable, respected and successful financial services organization in the world.
Key Team
Mr. Daniel Llewellyn Rees (Group Head of Canadian Banking)
Mr. Jake Lawrence (CEO and Group Head of Global Banking & Markets)
Dr. Michael Zerbs Ph.D. (Group Head of Technology & Operations)
Mr. James A. Neate (Pres and Group Head of Corp. & Investment Banking)
Mr. Shawn Rose (Exec. VP & CTO)
Mr. Philip Stephen Watson Smith (Sr. VP of Investor Relations)
Mr. Ian Arellano (Exec. VP & Gen. Counsel)
Recognition and Awards
References
Mr. Rajagopal Viswanathan (Group Head & CFO)
Mr. Ignacio Deschamps (Group Head of International Banking & Digital Transformation)