Scotiabank
The Bank of Nova Scotia (French: Banque de Nouvelle-Écosse), operating as Scotiabank (French: Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third-largest Canadian bank by deposits and market capitalization. It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 92,001 employees and assets of Can$1,136 billion (according to 2020 annual report), Scotiabank trades on the Toronto (TSX: BNS) and New York (NYSE: BNS) exchanges. The Scotiabank swift code is NOSCCATT and the institution number is 002.
Scotia Plaza in Toronto | |
Scotiabank | |
Company type | Public |
TSX: BNS NYSE: BNS S&P/TSX 60 component | |
ISIN | CA0641491075 |
Industry | |
Founded | March 30, 1832 Halifax, Nova Scotia |
Headquarters | Scotiabank North, 40 Temperance Street, Toronto, Ontario, Canada |
Key people |
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Revenue | CA$32.31 billion (2023) |
CA$7.53 billion (2023) | |
AUM | CA$317.00 billion (2023) |
Total assets | CA$1.41 trillion (2023) |
Total equity | CA$78.67 billion (2023) |
Number of employees | 89,488 (2023) |
Subsidiaries | Tangerine Bank |
Website | www |
Scotiabank was founded in 1832 in Halifax, Nova Scotia, where it was headquartered until relocating to Toronto 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 parts of Asia. Scotiabank is a member of the London Bullion Market Association and one of fifteen accredited institutions which participate in the London gold fixing. From 1997 to 2019, this was conducted through its precious metals division ScotiaMocatta.
Scotiabank's president and CEO Brian J. Porter announced his retirement to be effective January 31, 2023, and Scott Thompson was named as his replacement.