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.

Bank of Nova Scotia
Scotiabank
Company typePublic
TSX: BNS
NYSE: BNS
S&P/TSX 60 component
ISINCA0641491075 
Industry
FoundedMarch 30, 1832 (1832-03-30)
Halifax, Nova Scotia
HeadquartersScotiabank North, 40 Temperance Street, Toronto, Ontario, Canada
Key people
  • L. Scott Thomson (president and CEO)
  • Raj Viswanathan (CFO)
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)
SubsidiariesTangerine Bank
Websitewww.scotiabank.com

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.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.