The Bank of Nova Scotia (Scotiabank) is a provider of personal and commercial, and private banking; wealth management; investment banking; and capital markets solutions to individuals, corporates, and SME clients. It offers individual savings and business accounts, travelers' cheques, debit and credit cards, lines of credit, loans and mortgages, investment certificates, payment and merchant services, and life and non-life insurance. The bank provides cash management, business planning, and advisory, securities lending, equity execution services, underwriting and brokerage, foreign exchange, investment products and advisory, online banking, overdraft protection, and mobile banking, among others. It operates through branches, digital platforms, third-party channels, ATMs, and financial advisors in North America, Asia, Europe, and Central and Latin America. Scotiabank is headquartered in Toronto, Canada.
Access premium data and analytics for The Bank of Nova Scotia
Products and Services
Products | Services |
---|---|
Accounts and Deposits: | On-line Banking |
Checking Account | Direct Deposit |
Savings Account | Overdraft Protection |
XXX | XXX |
XXX | XXX |
XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Others | In January, the company introduced US$1.50 fee for online transfers to other banks. |
2022 | New Products/Services | In November, Scotiabank Bahamas offered a package of eCommerce solutions. |
2022 | New Products/Services | In November, Scotia Global Asset Management launched emerging markets ETF on the NEO exchange. |
Competitor Comparison
Key Parameters | The Bank of Nova Scotia | Bank of America Corp | Wells Fargo & Co | Citigroup Inc | Royal Bank of Canada |
---|---|---|---|---|---|
Headquarters | Canada | United States of America | United States of America | United States of America | Canada |
City | Toronto | Charlotte | San Francisco | New York | Toronto |
State/Province | Ontario | North Carolina | California | New York | Ontario |
No. of Employees | 90,979 | 210,000 | 243,674 | 231,000 | 88,541 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth

Net Income Growth

Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Aaron W. Regent | Chairman | Executive Board | 2013 | - |
Scott Thomson | Director; President | Executive Board | 2022 | - |
Jake Lawrence | Head - Global Banking and Markets; Chief Executive Officer | Senior Management | 2021 | - |
Raj Viswanathan | Chief Financial Officer; Head | Senior Management | 2019 | - |
Phil Thomas | Chief Risk Officer | Senior Management | 2021 | - |
Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company Analytics
Contact the team or request a demo to find out how our data can drive your business forward