The Bank of Nova Scotia
Type	Public company
Founded	Halifax, Nova Scotia, Canada
Headquarters	Toronto, Ontario
Key people	Rick Waugh - President & CEO
Industry	Bank
Products	Financial services
Revenue	CAD 11.6 billion (2006)
Employees	53,937
Website	http://www.scotiabank.com/

Scotiabank (Banque Scotia)(TSX: BNS NYSE: BNS), formally known as The Bank of Nova Scotia is one of Canada's Big Five banks. It is the third largest bank in Canada by assets (behind the Royal Bank of Canada and TD Bank Financial Group), and the second largest by market capitalization (behind Royal Bank of Canada). It is Canada's most international bank, having branches in more countries than the other major Canadian banks. Scotiabank logo. ... This article does not cite any references or sources. ... Motto: {{Unhide = {{{}}}}} E Mari Merces (Wealth from the Sea) Logo: Location City Information Established: April 1, 1996 Area: urban area 79. ... Template:Hide = Motto: Template:Unhide = Diversity Our Strength Image:Toronto, Ontario Location. ... “Banker” redirects here. ... Financial services is a term used to refer to the services provided by the finance industry. ... For the tax agency in the United Kingdom of the same name, see HM Revenue and Customs. ... Image File history File links No higher resolution available. ... It has been suggested that this article or section be merged with Loonie. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... “TSX” redirects here. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... In Canada, the term Big Five Banks is frequently used to refer to the five biggest banks that dominate the banking industry in Canada: Royal Bank of Canada, CIBC, Toronto-Dominion Bank, Bank of Montreal and Bank of Nova Scotia. ... In business and accounting an asset is anything owned, whether in possession or by right to take possession, by a person or a group acting together, e. ... The Royal Bank of Canada (TSX: RY, NYSE: RY) is Canadas largest company. ... The Toronto-Dominion Bank (or TD Bank) offers a range of financial products and services. ... Market capitalization, or market cap, is a measurement of corporate or economic size equal to the stock price times the number of shares outstanding of a public company. ... The Royal Bank of Canada (TSX: RY, NYSE: RY) is Canadas largest company. ...

History

View of a ScotiaBank facade in Amherst, Nova Scotia. This structure was erected in 1907.

Founded in Halifax, Nova Scotia in 1832, the bank launched its branch banking system by opening in Windsor, Nova Scotia. The expansion was limited to the Maritime Provinces until 1882, when the bank moved west by opening a branch in Winnipeg, Manitoba. The Manitoba branch later closed but the experience of doing business in a grain-town encouraged the Bank to expand into the American Midwest, including Minneapolis and Chicago. Image File history File linksMetadata Download high-resolution version (819x614, 517 KB) View of a ScotiaBank facade in Amherst, Nova Scotia. ... Image File history File linksMetadata Download high-resolution version (819x614, 517 KB) View of a ScotiaBank facade in Amherst, Nova Scotia. ... The Nova Scotia Visitor Information Centre, located in Fort Lawrence, 3 kilometres west of Amherst. ... The City of Halifax was the capital of the province Nova Scotia, and the largest city in Atlantic Canada. ... Motto: Munit Haec et Altera Vincit(Latin) One defends and the other conquers Capital Halifax Largest city Halifax Regional Municipality Official languages English Government - Lieutenant-Governor Mayann E. Francis - Premier Rodney MacDonald (PC) Federal representation in Canadian Parliament - House seats 11 - Senate seats 10 Confederation July 1, 1867 (1st) Area... Year 1832 (MDCCCXXXII) was a leap year starting on Sunday (link will display the full calendar) of the Gregorian Calendar (or a leap year starting on Friday of the 12-day slower Julian calendar). ... Bank of America branch in Porter Ranch, Los Angeles, California A branch, banking centre or financial centre is a retail location where a bank or financial institution offers a wide array of face to face service to its customers. ... St. ... Motto: Munit Haec et Altera Vincit(Latin) One defends and the other conquers Capital Halifax Largest city Halifax Regional Municipality Official languages English Government - Lieutenant-Governor Mayann E. Francis - Premier Rodney MacDonald (PC) Federal representation in Canadian Parliament - House seats 11 - Senate seats 10 Confederation July 1, 1867 (1st) Area... The Maritimes or Maritime provinces are a region of Canada on the Atlantic coast, consisting of New Brunswick, Nova Scotia and Prince Edward Island. ... Year 1882 (MDCCCLXXXII) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Friday of the 12-day slower Julian calendar). ... Motto: Template:Unhide = Unum Cum Virtute Multorum (One With the Strength of Many) Location City Information Established: 1738 (Fort Rouge), 1873 (City of Winnipeg) Area: 465. ... Motto: Gloriosus et Liber (Latin: Glorious and free) BC AB SK MB ON QC NB PE NS NL YT NT NU Capital Winnipeg Largest city Winnipeg Official languages English Government - Lieutenant-Governor John Harvard - Premier Gary Doer (NDP) Federal representation in Canadian Parliament - House seats 14 - Senate seats 6 Confederation... This article is about the city in Minnesota. ... Nickname: Motto: Urbs in Horto (Latin: City in a Garden), I Will Location in the Chicago metro area and Illinois Coordinates: , Country United States State Illinois Counties Cook, DuPage Settled 1770s Incorporated March 4, 1837 Government  - Mayor Richard M. Daley (D) Area  - City  234. ...

Scotiabank also operates locations throughout Mexico under the name "Scotiabank Inverlat" and deals in all aspects of personal banking, business banking, and property and auto loans.

By 1900, The Bank of Nova Scotia had opened 38 branches across Canada, the United States and Jamaica. In Canada, the Bank was represented in all of the Maritime Provinces, Quebec, Ontario and Manitoba. In 1892, the Bank of Nova Scotia became the first Canadian bank to establish in Newfoundland – 55 years before the dominion joined Confederation. Äž: For the film, see: 1900 (film). ... The Maritimes or Maritime provinces are a region of Canada on the Atlantic coast, consisting of New Brunswick, Nova Scotia and Prince Edward Island. ... , Motto: Je me souviens (French: I remember) Capital Quebec City Largest city Montreal Official languages French Government - Lieutenant-Governor Pierre Duchesne - Premier Jean Charest (PLQ) Federal representation in Canadian Parliament - House seats 75 - Senate seats 24 Confederation July 1, 1867 (1st) Area  Ranked 2nd - Total 1,542,056 km² (595... Motto: Ut Incepit Fidelis Sic Permanet (Latin: Loyal she began, loyal she remains) Capital Toronto Largest city Toronto Official languages English Government - Lieutenant-Governor James K. Bartleman - Premier Dalton McGuinty (Liberal) Federal representation in Canadian Parliament - House seats 106 - Senate seats 24 Confederation July 1, 1867 (1st) Area [1] Ranked... Motto: Gloriosus et Liber (Latin: Glorious and free) BC AB SK MB ON QC NB PE NS NL YT NT NU Capital Winnipeg Largest city Winnipeg Official languages English Government - Lieutenant-Governor John Harvard - Premier Gary Doer (NDP) Federal representation in Canadian Parliament - House seats 14 - Senate seats 6 Confederation... 1892 (MDCCCXCII) was a leap year starting on Friday (see link for calendar). ... For other uses, see Newfoundland (disambiguation). ...

Early international expansion

Bank of Nova Scotia in Havana, Cuba

• 1885 - The bank opens its first branch outside Canada in Minneapolis.
• 1889 - The bank opens a branch in Kingston, Jamaica, the first branch of a Canadian bank outside Canada, the US, or the UK. By 1931 it has 12 branches in Jamaica.
• 1892 - The bank closes its branch in Minneapolis and transfers the business to the agency that it opens in Chicago, Illinois.
• 1899 - The bank opens a branch in Boston.
• 1906 - The bank opens a branch in Havana, Cuba. By 1931 it has three branches in Havana, and one branch each in Camaguey, Cienfuegos, Manzanilla, and Santiago de Cuba.
• 1907 - The bank opens an agency in New York.
• 1910 - The bank opens a branch in San Juan, Puerto Rico, and later another one in Fajardo.
• 1920 - The branch opens a branch in London, and another in Santo Domingo, Dominican Republic.

In its early expansion the bank clearly followed trade and its customers' business, rather than pursuing a strategy of expansion into international financial centres. Image File history File links Bank_of_Nova_Scotia. ... Image File history File links Bank_of_Nova_Scotia. ... Nickname: (Spanish) City of Columns Position of Havana in the Americas Coordinates: , Country  Cuba Province Ciudad de La Habana Municipalities 15 Founded 1515a Government  - Mayor Juan Contino Aslán Area  - City 721. ... This article is about the city in Minnesota. ... The City of Kingston is the capital and largest city of Jamaica. ... Nickname: (Spanish) City of Columns Position of Havana in the Americas Coordinates: , Country  Cuba Province Ciudad de La Habana Municipalities 15 Founded 1515a Government  - Mayor Juan Contino Aslán Area  - City 721. ... Categories: Stub | Cities in Cuba ... The roof terrace of Palacio de Valle in southern Cienfuegos at night. ... Manzanilla is a variety of sherry made around the port of Sanlucar de Barrameda. ... Santiago de Cuba is the capital city of Santiago de Cuba Province in the south-eastern area of the island nation of Cuba, some 540 miles (869 km) east south-east of the Cuban capital of Havana. ... Nickname: Location of San Juan within the island of Puerto Rico Coordinates: Country United States Territory Puerto Rico Founded 1508/1521 Area  - City 76. ... Fajardo is a small but popular city located on the north east coast of Puerto Rico. ... This article is about the capital of England and the United Kingdom. ... It has been suggested that Greater Santo Domingo Area be merged into this article or section. ...

Scotiabank is a member of the Global ATM Alliance, a joint venture of several major international banks that allows customers of the banks to use their ATM card or check card at another bank within the Global ATM Alliance with no fees when traveling internationally. Other participating banks are Barclays (United Kingdom), Bank of America (United States), BNP Paribas (France), China Construction Bank (China), Deutsche Bank (Germany), Santander Serfin (Mexico) and Westpac (Australia and New Zealand).^[1] There are very few or no other articles that link to this one. ... An NCR Personas 85-Series interior, multi-function ATM in the USA Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premise Wincor Nixdorf mono-function ATM in Sweden. ... This article needs cleanup. ... Barclays Bank is the fourth largest bank in the United Kingdom. ... Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. ... BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. ... The China Construction Bank (CCB) SEHK: 0939 (Simplified Chinese: , Traditional Chinese: ; pinyin: Zhōngguó Jiànshè Yínháng) is one of the big four banks in the Peoples Republic of China. ... Deutsche Bank AG (ISIN: DE0005140008, NYSE: DB) (English: ) is a bank operating worldwide and employing more than 75,000 people (June, 2007). ... Westpac Banking Corporation ASX: WBC NZX: WBC, usually called Westpac, is the fourth largest bank in Australasia, after the National Australia Bank, Commonwealth Bank of Australia and ANZ and one of the largest banks in the South Pacific. ...

Mergers

The Bank has amalgamated with several other Canadian financial institutions through the years:

Many former branches of Montreal Trust and National Trust were rebranded "Scotiabank & Trust", and continue to operate as such. The Bank of New Brunswick received its charter in 1820 and was the first bank in the Maritime colonies. ... The National Bank of Greece (NBG; Greek: Εθνική Τράπεζα της Ελλάδος) (NYSE: NBG) (LSE: NBGA) is the oldest and, today, the largest commercial bank in Greece and heads the strongest financial group in the country. ...

Operating Units

Scotia Plaza, Scotiabank Headquarters in Toronto, Ontario, Canada

Scotiabank has four divisions: Image File history File linksMetadata Download high-resolution version (1536x2048, 692 KB) Photographer/Author: Me, Leslie Mateus, a user of the Portuguese Wikipedia. ... Image File history File linksMetadata Download high-resolution version (1536x2048, 692 KB) Photographer/Author: Me, Leslie Mateus, a user of the Portuguese Wikipedia. ... Scotia Plaza, Toronto Scotia Plaza is a commercial office complex commenced in 1985 and completed in 1988 in the city of Toronto, Ontario, Canada. ... Motto: Ut Incepit Fidelis Sic Permanet (Latin: Loyal she began, loyal she remains) Capital Toronto Largest city Toronto Official languages English Government - Lieutenant-Governor James K. Bartleman - Premier Dalton McGuinty (Liberal) Federal representation in Canadian Parliament - House seats 106 - Senate seats 24 Confederation July 1, 1867 (1st) Area [1] Ranked...

• Domestic Banking is the commercial banking division, offering savings and loan services. It includes 970 branches , 2,750 ABMs, and 3 call centres. It offers telephone, wireless and Internet banking. Their brokerage unit is called the Wealth Management Group.

• Scotia Capital Inc. is the investment banking division, which helps large corporations, institutions, and governments obtain capital and credit. The Canadian investment banking division is known as ScotiaMcLeod (formerly known as McLeod, Young and Weir), and metals trading is done under the name of ScotiaMocatta.

• International Banking is the merchant banking division, assisting its customers with international trade. Scotiabank's marketing material claims it is the leading provider of financial services in the Caribbean, and that it has the broadest Asian network of any Canadian bank.

• e-Commerce/e-Banking at Scotiabank manages wire transfers and payments.

In 2005, Scotiabank services over 12 million customers and has over 286 billion dollars in assets. The bank employs over 57,000 employees all over the globe including Europe, Asia, Latin America and the Caribbean. Scotiabank is Canada's most international bank with over 2000 branches in 50 countries. As in the past, in 2006 some of the top management at Scotiabank announced a plan that it would once again play a part in general infrastructural development in the countries where it operates. [1]. A commercial bank is a type of financial intermediary and a type of bank. ... In common usage, saving generally means putting money aside, for example, by putting money in the bank or investing in a pension plan. ... A loan is a type of debt. ... A mortgage broker acts as an intermediary who sources mortgage loans on behalf of individuals or businesses. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... This article does not cite any references or sources. ... World map showing the location of Europe. ... World map showing the location of Asia. ... Latin America consists of the countries of South America and some of North America (including Central America and some the islands of the Caribbean) whose inhabitants mostly speak Romance languages, although Native American languages are also spoken. ... “West Indian” redirects here. ...

Current Events

• In 2006 Scotiabank was awarded the title as the official bank for the ICC's 2007 Cricket World Cup. During the event, several stadia and venuesacross the Caribbean (and Guyana in South America) are to become outfited with Scotiabank automated banking machines. [2]
• On November 6th, 2006, two homemade bombs were placed within Scotiabank branches in Mexico City. One exploded, resulting in no deaths, while a second bomb was de-activated. Authorities were previously alerted to the presence of the bombs. A coalition of five leftist guerilla groups which support (but do not lead) protests in Oaxaca claimed responsibility. [3]
• In December, 2006 Scotiabank announced it successfully acquired majority control of the fourth largest Jamaica-based Securities dealer Dehring Bunting & Golding Ltd. (DB&G) ending weeks of speculation about the bid on the Jamaica Stock Exchange. The deal is expected to cost the Bank of Nova Scotia and it's Jamaican subsidiary between C$80 - $90 Million dollars to close the deal. [4], [5], [6], [7],
• In 2007, Scotiabank and Cineplex Entertainment partnered up to create a loyalty rewards program called Scene. The program allows patrons to sign-up for a special card that grants them points which can be redeemed for free movies or concession discounts. Scotiabank customers have the ability to merge their bank accounts and Scene accounts to collect points when they use their cards. A Scene VISA card will be launched in early May. In addition, 5 Cineplex Entertainment locations were rebranded as "Scotiabank Theatres".

ICC logo The International Cricket Council (ICC) is the governing body for international Test match and One-day International cricket. ... The 2007 ICC Cricket World Cup was a mens cricket tournament that took place in the West Indies from 13 March to 28 April 2007, using the sports one-day international format. ... An NCR Personas 85-Series interior, multi-function ATM in the USA Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premise Wincor Nixdorf mono-function ATM in Sweden. ... Nickname: Motto: Ciudad en movimiento Location of Mexico City in central Mexico Coordinates: , Country Mexico Federal entity Federal District Boroughs The 16 delegaciones Founded c. ... The Mexican state of Oaxaca is currently embroiled in a conflict that has lasted more than seven months and has resulted in at least 17 deaths and in the occupation of the capital city of Oaxaca by police. ... Cineplex Entertainment LP, based in Toronto, Ontario, is a limited partnership which operates Canadas largest chain of movie theatres. ...

Awards

• 2005 - "Bank of the Year" - For Mexico, the Caribbean and in Jamaica by Latin Finance (magazine) [8].

“West Indian” redirects here. ...

Corporate governance

Current members of the board of directors of Scotiabank are: Ronald Brenneman, C.J. Chen, N. Ashleigh Everett, John Kerr, Michael Kirby, Laurent Lemaire, John Mayberry, Barbara McDougall, Elizabeth Parr-Johnston, Arthur Scace, Gerald Schwartz, Allan Shaw, Paul Sobey, Barbara Thomas, and Richard E. Waugh. In relation to a company, a director is an officer (that is, someone who works for the company) charged with the conduct and management of its affairs. ... John (Jake) Custance Kerr (born 1944) is a Canadian executive. ... Michael J. L. Kirby (born August 5, 1941) is a Canadian politician. ... Barbara J. McDougall (born November 12, 1937, Toronto, Ontario) is a former Canadian politician. ... Gerald Schwartz, born c. ... The Hon. ...

Former members of the board include: Peter Godsoe and Cedric Ritchie (Former Chairman). Wikipedia does not yet have an article with this exact name. ... Cedric E. Ritchie (born in Upper Kent, New Brunswick) is a Canadian businessman and former Chairman and CEO of The Bank of Nova Scotia. ...

Executive Officers

Richard E. Waugh, President and Chief Executive Officer, Scotiabank

• Richard E. Waugh, President and Chief Executive Officer
• Robert W. Chisholm, Vice-Chairman, Scotiabank, and President and CEO, Domestic Banking and Wealth Management
• W. David Wilson, Vice-Chairman Scotiabank and Chairman and CEO, Scotia Capital
• Robert L. Brooks, Senior Executive Vice-President, Treasury and Operations
• Sarabjit S. Marwah, Vice-Chairman and Chief Administrative Officer
• Deborah M. Alexander, Executive Vice-President, General Counsel and Secretary
• Tim Hayward, Executive Vice-President and Chief Administrative Officer International Banking
• Luc A. Vanneste, Executive Vice-President and Chief Financial Officer
• Kim B. McKenzie, Executive Vice-President, Information Technology and Solutions
• Robert H. Pitfield, Executive Vice-President, International Banking

Richard E. Waugh File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Richard E. Waugh File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Richard E. Waugh is a business leader in Canada. ...

Unionization

Scotiabank has unionized relationships with employees in a number of locations around the world. [9] In Canada, the sole unionized workplace is the domestic banking branch in Deep River, Ontario. In 2005 the bank successfully defended an attempt by workers in its collection centre to join a trade union. Deep River is a town in Renfrew County, Ontario, Canada. ...

Membership

BNS is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of: The Canadian Bankers Association is an organization representing Canadas chartered banks and provides services to improve the wellbeing of its membership (banking lobby, policy development, research and support) and to consumers of banking services. ... Canadian Deposit Insurance Corporation or CDIC is a federal agency that provides insurance (up to a $60,000 CAD per personal and on Canadian accounts only) on financial services provided by chartered Canadian banks and financial institutions. ...

• Interac
• VISA International
• MasterCard in the Caribbean markets
• Plus Network for VISA card users
• NYCE ATM Network
• CarIFS ATM Network
• LINX network ATM network[10]
• MultiLink Network ATM network[11]
• MAGNA Rewards as part of the Scotiabank MAGNA MasterCard.
• Global ATM Alliance

Interac Logo Interac Association is a Canadian organization linking enterprises that have proprietary networks so that they may communicate with each other for the purpose of exchanging electronic financial transactions. ... Visa is a brand of credit card and debit card operated by the Visa International Service Association of San Francisco, California, USA, an economic joint venture of 21,000 financial institutions that issue and market Visa products. ... MasterCard Worldwide (NYSE: MA) is a membership organization owned by the 25,000+ financial institutions that issue its card. ... Plus Network allows VISA and bank cards with Plus access to ATM or ABM network world-wide. ... NYCE is an interbank network connecting the ATMs of various financial institutions in the United States and Canada. ... Caribbean Integrated Financial Services Inc. ... There are very few or no other articles that link to this one. ...

Sources

Bank of Nova Scotia. 1932. The Bank of Nova Scotia, 1831-1932. Halifax: Bank of Nova Scotia.

See also

Wikimedia Commons has media related to:

Scotiabank

• List of banks in Canada
• Scotia
• Scottish-Canadian
• Scotia Plaza
• Scotiabank Place

Image File history File links Commons-logo. ... // Government Bank of Canada (Central Bank) Business Development Bank of Canada “Big six” banks Royal Bank of Canada Toronto-Dominion Bank Canadian Imperial Bank of Commerce Bank of Montreal Bank of Nova Scotia National Bank of Canada Many of these banks have diversified into financial services that used to be... Scotia was originally the Latin name for Ireland (also known to the Romans as Hibernia). ... Scottish-Canadians are Scottish people or people of Scottish descent living in Canada. ... Scotia Plaza, Toronto Scotia Plaza is a commercial office complex commenced in 1985 and completed in 1988 in the city of Toronto, Ontario, Canada. ... Scotiabank Place (Place Banque Scotia in French), formerly the Corel Centre, is an arena in Ottawa, Ontario and home to the NHLs Ottawa Senators. ...

References

is the 9th day of the year in the Gregorian calendar. ... Also see: 2002 (number). ... is the 173rd day of the year (174th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...

External links

• Official site
• Scotiabank Annual Reports
• Scotiabank stock performance chart
• Montreal Trust Company of Canada and National Trust
• Scotiabank Mortgage Corp
• Yahoo! - The Bank of Nova Scotia Company Profile
• Scotiabank Corporate Profile
• ScotiaMcLeod Direct Investing (Self-Managed Brokerage)
• ScotiaMcLeod (Full-Service Brokerage)
• Scotia Private Client Group

Commercial banks in Canada
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