The Bank of Nova Scotia - Company Profile
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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, travellers’ 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 the Americas, Europe, and Asia. Scotiabank is headquartered in Toronto, Canada.
The Bank of Nova Scotia premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Accounts and Deposits: | Online Banking | Scotiabank |
Checking Account | Direct Deposit | |
Savings Account | Overdraft Protection | |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In April, the bank extended its partnership with Google Cloud for the next phase of the bank's cloud acceleration journey. |
2024 | Contracts/Agreements | In April, the company and Immigration.ca entered into a partnership to strengthen access to trustworthy resources that assist newcomers in understanding the Canadian financial system. |
2024 | Contracts/Agreements | In March, the bank along with MD Financial Management Limited and the Black Medical Students’ Association of Canada (BMSAC) entered a three-year partnership to strengthen social connections and mentorship for Black medical students, residents, and physicians. |
Competitor Comparison
Key Parameters | The Bank of Nova Scotia | Bank of America Corp | Citigroup Inc | Wells Fargo & Co | Royal Bank of Canada |
---|---|---|---|---|---|
Headquarters | Canada | United States of America | United States of America | United States of America | Canada |
City | Toronto | Charlotte | New York | San Francisco | Toronto |
State/Province | Ontario | North Carolina | New York | California | Ontario |
No. of Employees | 89,249 | 213,000 | 239,000 | 226,000 | 90,166 |
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 | - |
Glen Gowland | Vice Chairman | Executive Board | 2024 | - |
Scott Thomson | Chief Executive Officer; Director; President | Executive Board | 2023 | - |
Rajgopal Viswanathan | Group Head; Chief Financial Officer | Senior Management | 2019 | - |
Phil Thomas | Group Head; Chief Risk Officer | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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