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Scotiabank

Scotiabank
Company nameBank of Nova Scotia
Company typePublic
IndustryFinancial services
Founded1832
Halifax, Nova Scotia
HeadquartersToronto, Ontario
Key peopleRichard E. Waugh (CEO)
Sabi S. Marwah (COO)
Luc A. Vanneste (CFO)
Revenue$16.9 billion CAD (2010)
Net income(+) $4.2 billion CAD (2010)
Total assets$567 billion CAD (2011)
Employees70,772 (2010)

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The Bank of Nova Scotia ( ), commonly known as Scotiabank ( ), is the third largest bank in Canada by deposits and market capitalization. The bank was founded in 1832 in Halifax, Nova Scotia, but moved its executive offices to Toronto, Ontario in March 1900. Scotiabank has billed itself as "Canada's International Bank" due to its acquisitions primarily in Latin America and the Caribbean, but also in Europe and India as well. BNS Institution Number (or bank number) is 002.

The company ranks at number 92 on the Forbes Global 2000 listing and is currently under the leadership of Richard E. Waugh who serves both in the capacity of President and CEO.

Scotiabank has been active in the third quarter of 2010 purchasing two large Latin American units in Chile and Brazil from European banks in the United Kingdom and Germany, respectively.


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