Welcome to our dedicated page for Bank of Nova Scotia news (Ticker: BNS), a resource for investors and traders seeking the latest updates and insights on Bank of Nova Scotia stock.
The Bank of Nova Scotia, widely known as Scotiabank (BNS), is a global commercial bank and financial services institution active across personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. News about BNS often reflects its activities as one of the largest banks in North America by assets, its focus on the North American corridor, and its international operations with a concentration in Latin America.
On this page, readers can follow Scotiabank news related to transaction banking, strategic investments, capital management and regional financing initiatives. Recent announcements include the launch of a modernized U.S. Cash Management program supported by the ScotiaConnect cloud-based treasury platform, designed to help businesses manage and move money in the U.S. and support cross-border treasury and liquidity needs. The bank has also highlighted upgrades such as U.S. deposit solutions and payment capabilities, and the rollout of ScotiaConnect across parts of its footprint.
Other BNS news items cover Scotiabank’s role in structuring and participating in loans for infrastructure and renewable energy projects in countries such as Peru and the Dominican Republic, illustrating how the bank applies its corporate and investment banking capabilities in the region. Scotiabank communications also report on a strategic minority investment in KeyCorp, describing an approximate 14.9% ownership stake as part of its approach to priority markets in the United States.
In the retail and loyalty space, Scotiabank-related news includes Scene+ Points Days, where eligible Scotiabank cardholders can earn accelerated Scene+ points at participating partners. Together, these updates provide insight into how Scotiabank manages capital, expands platforms like ScotiaConnect, supports corporate clients and engages retail customers. Investors and followers of BNS can use this news feed to monitor the bank’s strategic moves, product developments and regional financing activities over time.
Scotiabank has appointed Travis Machen as the CEO and Group Head of its Global Banking and Markets business. Mr. Machen will focus on expanding product offerings and earning more primary clients to deliver sustainable and profitable growth for the bank's GBM business. With over 25 years of industry expertise, Mr. Machen has a track record of success in the financial industry.
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Scotiabank has appointed Francisco Aristeguieta as Group Head of International Banking, effective May 1, 2023. With over 30 years of experience in international banking across Latin America, North America, Asia, Europe, and the Middle East, Aristeguieta is set to enhance the bank's international strategy. He previously led the Asset Servicing business globally at a major financial institution. This leadership change comes as Ignacio Deschamps plans to retire, after contributing significantly to Scotiabank's international banking and digital transformation efforts since 2016. Scott Thomson, Scotiabank's CEO, emphasized that Aristeguieta's leadership will help drive engagement and sustainable growth for shareholders.
Scotiabank has committed $1.4 million to support the Campaign for Concordia: Next-Gen Now, aimed at enhancing opportunities for Indigenous and international students at
NEO Exchange announces the launch of the Scotia Emerging Markets Equity Index Tracker ETF, now trading under the symbol SITE. This ETF aims to replicate the performance of the Solactive GBS Emerging Markets Large & Mid Cap Index and is sub-advised by State Street Global Advisors. Scotia Global Asset Management has successfully listed five ETFs this year on NEO, reflecting their commitment to providing investment options in emerging markets. The NEO Exchange hosts over 250 listings and plays a significant role in Canadian ETF trading, handling approximately 20% of the market.
Scotiabank has announced the retirement of Brian Porter as President and CEO, effective January 31, 2023. Scott Thomson, currently CEO of Finning International Inc., will take over on February 1, 2023, after initially serving as President from December 1, 2022. Porter's tenure saw asset growth from $744 billion to $1.3 trillion and a repositioning towards higher growth markets. The transition aims to maintain the bank's strong performance and emphasis on digital transformation and customer service.
Scotiabank has launched Quanto MXN-denominated structured notes linked to MSCI Food Revolution and Ageing Society Indexes, marking the first such offering in Latin America. These notes are designed to identify long-term trends shaping market performance, focusing on companies catering to senior populations and sustainable food production. Issued for 3 years, these structured notes offer leveraged exposure to key US companies, aligning with growing client demands for innovative investment strategies. This initiative strengthens Scotiabank’s position in providing thematic investment solutions.