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Bank of Nova Scotia

Scotia Plaza in Toronto
Trade name	Scotiabank
Company type	Public
Traded as	TSX: BNS NYSE: BNS S&P/TSX 60 component
ISIN	CA0641491075
Industry	Banking financial services
Founded	March 30, 1832; 192 years ago (1832-03-30) Halifax,Nova Scotia
Headquarters	Scotiabank North, 40 Temperance Street,Toronto,Ontario, Canada[1]
Key people	L. Scott Thomson (president and CEO) Raj Viswanathan (CFO)
Products	Asset management Banking Commodities Credit cards Equities trading Insurance Investment management Mortgage loans Private equity Wealth management
Revenue	CA$33.67 billion (2024)[2]
Net income	CA$7.89 billion (2024)[2]
AUM	CA$373.03 billion (2024)[2]
Total assets	CA$1.41 trillion (2024)[2]
Total equity	CA$84.07 billion (2024)[2]
Number of employees	88,488 (2024)[2]
Subsidiaries	Tangerine Bank
Website	www.scotiabank.com

TheBank of Nova Scotia (French:Banque de Nouvelle-Écosse), operating asScotiabank (French:Banque Scotia), is a Canadianmultinational banking and financial services company headquartered inToronto,Ontario. One of Canada'sBig Five banks, it is the third-largest Canadian bank by deposits andmarket capitalization. In 2023, the company's seat inForbes Global 2000 was 88.^[3] It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 89,000 employees and assets of CA$1,399 billion as of April 30, 2024 (according to Q2-2024 Report to Shareholders), Scotiabank trades on the Toronto (TSX: BNS) and New York (NYSE: BNS) exchanges. The Scotiabankswift code is NOSCCATT and the institution number is 002.^[4]

Scotiabank was founded in 1832 inHalifax, Nova Scotia, where it was headquartered until relocating to Toronto in 1900.^[5] Scotiabank has billed itself as "Canada's most international bank" due to its acquisitions primarily in Latin America and the Caribbean, and also in Europe and parts of Asia. Scotiabank is a member of theLondon Bullion Market Association and one of fifteen accredited institutions which participate in the Londongold fixing.^[6] From 1997 to 2019, this was conducted through its precious metals divisionScotiaMocatta.^[7]

Scotiabank's president and CEOBrian J. Porter^[8] announced his retirement to be effective January 31, 2023, and Scott Thompson was named as his replacement.^[9]

The Bank of Nova Scotia was founded in 1832 inHalifax,Nova Scotia, aBritish colony at that time. The bank was incorporated by theLegislative Assembly of Nova Scotia on March 30, 1832.William Lawson was the first president.^[10] The bank intended to facilitate the trans-Atlantic trade of the time.^[5] Later, in 1883, the Bank of Nova Scotia acquired the Union Bank of Prince Edward Island, although most of the bank's expansion efforts in the century took the form of branch openings.^[11]

The bank launched itsbranch banking system by opening inWindsor, Nova Scotia. The expansion was limited to theMaritimes until 1882, when the bank moved west by opening a branch inWinnipeg, which later closed, but the bank continued to expand into theAmerican Midwest. This included opening a branch inMinneapolis in 1885, which later transferred to Chicago in 1892. Following the collapse of the Commercial Bank of Newfoundland and Union Bank of Newfoundland on December 10, 1894, the Bank of Nova Scotia established on December 15, 1894, inNewfoundland.^[10]

The bank opened a branch inKingston, Jamaica, in 1889 to facilitate the trading of sugar,rum, and fish. This was Scotiabank's first move into the Caribbean and historically the first branch of a Canadian bank to open outside of the United States or the United Kingdom.^[5][11] In 1899, Scotiabank opened a branch inBoston,Massachusetts. By the end of the 19th century, the bank was represented in all of theMaritimes,Quebec,Ontario, andManitoba. In 1900, the bank moved its headquarters toToronto, Ontario.^[12][11]

The bank continued to grow with the opening of new branches in the early 20th century. In 1906, the Bank of Nova Scotia opened a branch inHavana, Cuba, followed by a branch inNew York City in the following year. In 1910, the bank opened a branch inSan Juan,Puerto Rico. The bank also grew with the merger and acquisition of other banks, including theBank of New Brunswick in 1913, and the Toronto-based Metropolitan Bank in 1914.^[11] The acquisition of Metropolitan Bank made the Bank of Nova Scotia the fourth largest financial institution in Canada at that time.^[11] In 1919, the bank amalgamated with theBank of Ottawa.^[11]

In 1919, the bank opened a branch inFajardo, Puerto Rico. In the following year, the bank opened a branch in London, and another inSanto Domingo, Dominican Republic. The bank also saw growth in Cuba, with five branches in Havana, and one branch each inCamagüey,Cienfuegos,Manzanillo, andSantiago de Cuba by 1931.^{[citation needed]}

During the mid-20th century, the bank grew not only in size but also in breadth of products and services. Progress was conditioned by changing consumer needs, legal changes, or acquisitions of external service providers. Major changes include:^[11] Following the passage of theNational Housing Act, the Bank of Nova Scotia created a mortgage department in 1954. Further changes to theBank Act of 1954 in 1958 led to the bank introducing its consumer credit program.

The bank's branches in Cuba continued to operate until 1960, when the Government of Cuba nationalized all banks in Cuba, and the Bank of Nova Scotia withdrew its services from all eight branches. During the 1960s, the Bank of Nova Scotia became the first Canadian bank to appoint women as bank managers, with the first appointed on September 11, 1961.^[10] In the next year, the bank expanded into Asia with the opening of a Representative Office in Japan.^[11]

In 1975, the Bank of Nova Scotia adoptedScotiabank as its worldwide brand name. On September 28, 1978, Scotiabank andCanadian Union of Public Employees signed a collective agreement in Toronto, making Scotiabank the first Canadian bank to sign a collective agreement with a union.^[10]

In 1986, Scotiabank created Scotia Securities to provide discount brokerage and security underwriting services. The late 1980s and 1990s saw the bank acquire several firms, includingMcLeod Young Weir brokerage firm (co-founded by Donald Ivan McLeod, William Ewart Young, James Gordon Weir and John Henry (Harry) Ratcliffe in 1921)^[13] in 1988, and Montreal Trustco Inc. in 1994. In 1997, the bank acquired National Trust Company for Can$1.25 billion.^[14] In the same year, Scotiabank acquired Banco Quilmes in Argentina.

In 2000, Scotiabank increased its stake in Mexican bank Grupo Financiero Inverlat to 55 percent. The Mexican bank was subsequently renamed to Grupo Financiero Scotiabank Inverlat.^[11] Scotiabank later acquiredInverlat banking house in 2003, taking over all of its branches and establishing a strong presence in the country.^[15]

In 2002, Scotiabank shut its branches (formerly Banco Quilmes) in Argentina during the currency crisis and massivesovereign default. In the following year, Scotiabank's Guangzhou branch was awarded the first licence to a Canadian bank by the Chinese government to deal in Chinese currency.^[10] In 2007, Scotiabank acquired a 24.98 per cent stake inThanachart Bank, with that share later increasing to 48.99 per cent by December 2014. With the acquisition ofSiam City Bank, Thanachart Bank is now the 6th largest bank (by assets) in Thailand with over 16,000 staff serving more than four million customers through 680 branches and 2,100 ATMs across the country.^[16]

In 2010, the bank opened its first offices inBogotá, Colombia. On October 20, 2011, Scotiabank acquired a 51 per cent stake inColpatria [es], Colombia's fifth largest bank and second largest issuer of credit cards, for $1 billion Canadian in cash and stock (10 million shares). It is the second largest foreign transaction ever by a Canadian financial company overseas, behindRoyal Bank of Canada's purchase in Royal Bank of Trinidad and Tobago.^[17]

In 2012, Scotiabank entered into an agreement to acquire ING Direct Bank of Canada fromING Groep N.V. Two years later, Scotiabank would acquire ING Direct Bank of Canada for Can$3.13 billion.^[18] The sale completed on November 15, 2012,^[19] and ING Bank of Canada was later renamedTangerine in April 2014.

As a result of theFATCA agreement between Canada and the United States, signed between the two countries in 2014, Scotiabank has also spent almost $100 million implementing a controversial system to report to the United States the account holdings of close to one million Canadians of American origin and their Canadian-born spouses. Scotiabank has been forced to implement this system in order to comply withFATCA. According toFinancial Post, FATCA requires Canadian banks to provide information to the United States including total assets, account balances, account numbers, transactions, account numbers, and other personal identifying information, as well as assets held jointly with Canadian-born spouses and other family members.^[20][21]

On July 14, 2015, Scotiabank announced that it would buyCitigroup's retail and commercial banking operations in Panama and Costa Rica. Terms of the transaction were not disclosed. The purchase would increase Scotiabank's client base in both countries from 137,000 to 387,000, and would add 27 branches to the existing 51 branches in both Central American nations.^[22]

Scotiabank's former president, CEO and Chairman Cedric Ritchie died on March 20, 2016. He was a President of Scotiabank from 1972, and CEO and chairman from 1974 to 1995. Under his leadership, Scotiabank expanded into more than 40 countries and grew to 33,000 employees.^[23]

In 2017, Scotiabank join EnterpriseEthereum Alliance.^[24]

In 2018, Scotiabank acquired Montreal investment firm Jarislowsky Fraser, also in 2018 Scotiabank completed the acquisition of a 68.19 per cent stake inBBVA Chile for Can$2.9 billion, as a resultBBVA Chile was merged into Scotiabank Chile.^[25] On February 21, 2019, the Prosecutor in the Central American country ofCosta Rica raided Scotiabank's offices inSan José, Costa Rica, claiming that the bank had failed to provide the government with information on accounts and deposits that could allegedly implicateAlejandro Toledo, the former president ofPeru, in money laundering.^[26] Later that year, in June 2019 it was announced thatOFG Bancorp would acquire all branches of Scotiabank within Puerto Rico and the United States Virgin Islands territories as part of a $550 million cash deal.

In 2019, Scotiabank underwent a rebranding, modifying its wordmark logo and introducing a new corporate font based on its design, downplaying the company's S and globe monogram, and increasing use of the abbreviated name "Scotia".^[27]

In 2022, the management tried to reduce the rate ofremote work.^[28]

On February 14, 2024,Chief Executive Officer and Group Head, Global Banking and Markets Jake Lawrence left the bank after 22 years and joined thePower Corporation ofCanada. His responsibilities are shared between Paul Scurfield to Global Head, Capital Markets, Global Banking and Markets, and Michael Kruse, acting as Interim Global Head, Corporate and Investment Banking, Global Banking and Markets.^[29]

In February 2024, Bank of Nova Scotia announced the creation of first indigenous-owned investment dealer in Canada. Cedar Leaf Capital is a partnership between two indigenous development corporations and one indigenous peoples corporation. Each side owns 23.3% of the shares and Scotiabank controls the rest. At the same time, the bank will reduce its share once Cedar Leaf Capital has established its production. This initiative will facilitate access by aboriginal people (5% of Canada's 40 million people) to investment and infrastructure development.^[30]

In August 2024, Scotiabank andKeyCorp (a U.S. regional bank) announced that Scotiabank was purchasing 14.9% of KeyCorp for approximately $2.8 billion. The parties expect to complete the purchase upon the satisfaction of customary closing conditions and the receipt of Federal Reserve approval, which is expected to occur in the first quarter of 2025. As part of the transaction, KeyCorp and Scotiabank plan to explore commercial opportunities to partner together in the future to best serve their respective client bases.^[31]

In November 2024, some customers were unable to access their accounts for days.^[32]

In January 2025, the signing of an agreement to purchase the remaining stake (43.9%) in Scotiabank Colpatria (Colombia) is announced, in turn announcing a merger agreement in some Latin American countries through which Scotiabank will hold 20% of Davivienda, and the latter will absorb Scotiabank Colombia, Panama and Costa Rica, operations that in any case will be subject to regulatory approvals throughout 2025.

The bank has amalgamated with several other Canadian financial institutions through the years and purchased several other banks overseas.^[5][33] Most have been rebranded since their acquisition, although a few continue to utilize their former names. Several branches of the former Montreal Trust and National Trust were rebranded Scotiabank & Trust, and continue to operate as such.

List of banks merged with or acquired by Scotiabank

Bank	Year established	Year of amalgamation
Union Bank of PEI	1860	1883
Summerside Bank	1866	1901
Bank of New Brunswick	1820	1913
Metropolitan Bank of Canada	1902	1914
Bank of Ottawa	1874	1919
Montreal Trust Company	1889	1994
National Trust Company	1898	1997
Mocatta Bullion	1684	1997, Scotiabank acquires Mocatta Bullion fromStandard Chartered
Inverlat[34]	1991	1992, Scotiabank acquires 5% stake
National Bank of Greece (Canada)	1982	2005
Banco Wiese Sudameris	1920	2006
Banco Intercontinental	1986	2003
Banco Sudamericano	1991	1997, Scotiabank acquires 25% of Peru's Banco Sudamericano
E-Trade Canada	1982	2008
DundeeWealth	1998	2010
R-G Premier Bank of Puerto Rico	1966	2010
Nuevo Banco Comercial	2003	2011
ING Direct Canada	1997	2012, rebranded toTangerine in 2013
Banco Colpatria [es]	1955	2012, Scotiabank acquires 51% of the stakes in Banco Colpatria
Discount Bank		2015, Scotiabank acquires Discount Bank Uruguay
Canadian Tire Bank	2003	2014, Scotiabank acquires 20% stake
Jarislowsky Fraser	1955	2018
MD Financial Management	1957	2018
BBVA Chile	1883	2018, Scotiabank acquires 68.19% stake
Davivienda	1972	2025, Scotiabank acquires 20% of the stakes in Banco Davivienda, Davivienda absorb Scotiabank operations in Colombia, Panama and Costa Rica

Scotiabank has four business lines:^[35]

• Canadian Banking provides financial advice and banking to personal and business customers across Canada. Scotiabank also provides an alternative self-directed banking method throughTangerine Bank.
• International Banking provides financial products and advice to retail and commercial customers in select regions outside of Canada, supplemented by additional products and services offered by Global Banking & Markets and Global Wealth & Insurance.
• Global Wealth & Insurance (GWI) combines the Bank's wealth management and insurance operations in Canada and internationally, and Global Transaction Banking. GWI is diversified across geographies and product lines.
• Global Banking & Markets, Scotiabank's wholesale banking and capital markets arm, offers various products and services to corporate, government and institutional investor clients globally.

Scotiabank operates branches in allCanadian provinces and territories, except forNunavut.

One of Scotiabank mutual funds is the largest foreign investor of the UNHRC-blacklisted Israeli bank Mizrahi Tefahot Bank,^[37] which invests in illegal settlements in Palestinian Territories. The same mutual fund is also heavily invested in the Israeli weapon manufacturer Elbit;.^[38] Elbit also provides surveillance system in the West Bank, and has a spying-tool division that has been involved in spying on journalists.^[39]

1832 Asset Management, a division of Scotiabank's Dynamic Fund held 5 per cent of Elbit, valued at about US$440 million, until May 14, 2024, when it disclosed in a regulatory filing that the halved their investments to 2.5 per cent, valued at about US$237.6 million.^[40] These investments raises major concerns, for the following reasons:

• The investments in UN blacklisted bank and arms manufacturer go against Scotiabank's own ESG rules
• The Dynamic Global Discovery Fund is investing about 12% in just two companies (one UN-blacklisted): excessive and speculative for two smallcap companies^[41]
• The fund does not mention in its filings that it is highly speculative, due to fact that its 12% stake are a UN-blacklisted company and a controversial arm manufacturer

A 2001 investigation into the murder of Maru Oropesa, a Scotiabank branch manager in Mexico City, revealed US$14 million missing from the branch. Initially, investigators found that Oropesa and Jaime Ross, her former boss, had illegally transferred US$5 million from client investment accounts. The money was eventually transferred to the United States where it was used to purchase three aircraft. As the investigation continued, officials found an additional $9 million missing and involvement of 16 other bank employees in the fraud.^[42][43] Ross was convicted of fraud and money laundering for his role and sentenced to 15 years.^[44] Scotiabank terminated the other 16 employees, but did not prosecute them.^[42]

In 2014, the bank reached a settlement in a class-action lawsuit that covered thousands of workers owed more than a decade of unpaid overtime. The lawsuit included 16,000 Scotiabank employees across Canada who worked as personal banking officers, senior personal banking officers, financial advisors, and small business account managers from January 1, 2000, to December 1, 2013. The 2007 lawsuit was similar to a class-action filed byCanadian Imperial Bank of Commerce (CIBC) bank teller Dara Fresco of Toronto.

Under terms of the settlement, employees received 1.5 times their standard wage at the time, but no interest. Scotiabank also paid legal fees of $10.45 million.^[45][46]

In June 2005, David Berry, a very successful Canadian Scotiabank trader who had built a $75 million/year business in trading preferred shares, was fired on the grounds that he had committed securities regulatory violations.^[47] At the time, as part of a 20 per cent direct drive deal, he was making more than double the CEO's salary and Scotiabank management had already taken steps to limit his compensation.^[48] The regulatory violation allegations from his former employer, left him unemployable to Scotiabank's competitors despite the appeal of potentially adding more than $75 million/year to their equity trading profits.^[48]

Documents delivered to the media showing that Scotiabank management had sought advice on terminating Berry prior to theInvestment Industry Regulatory Organization of Canada (IIROC) violation accusation, and the results of questioning during the IIROC inquiries strongly suggest that the securities charges were part of a plan by Scotiabank senior management to remove Berry from his position and simultaneously prevent him from becoming their competitor.^[49]

In a ruling on January 15, 2013, more than seven years after the initial accusation, a hearing panel of the IIROC dismissed all charges against Berry.^[50][51]

David Berry filed a $100 millionwrongful dismissal lawsuit against Scotiabank. As of January 2015, and nine years after Berry was terminated, Scotiabank settled with Berry for an undisclosed amount. Barry Critchley, who followed the story since its beginning, wrote an article on November 6, 2014, in which he believes Scotiabank's $55 million reported legal charges would likely be connected to the $100 million lawsuit; but it is unlikely to ever be known.^[52]

Scotiabank is the title sponsor for a number of sports events including the Calgary Marathon, theCONCACAF Champions League tournament (since 2015), and the Jewish National Fund's "Pitch for Israel" event. Scotiabank is also the title sponsor for running events that form a part of the Canada Running Series. They include Banque Scotia 21k de Montreal + 10k & 5k in April; Scotiabank Vancouver Half-Marathon & 5k Run/Walk in June; ScotiabankToronto Waterfront Marathon, Half-Marathon & 5k in October; and the Scotiabank Bluenose Marathon.^[53] Since 2005, Scotiabank has also been the title sponsor of the CFL playoffs semi-final and conference final games, with games titled as the Scotiabank East Semi-finals and Scotiabank West Semi-finals. This is in addition to being the official financial services provider to theCanadian Football League. Scotiabank was also a primary sponsor for Champion BoxerMiguel Cotto during his 2009 bout withManny Pacquiao.

Scotiabank also sponsors sports leagues and teams, becoming a sponsor forClub Deportivo Guadalajara in 2013, and becoming the official sponsor for theChilean Primera División after signing a five-year period contract in 2014. Scotiabank is also the official bank of theNational Hockey League andNational Hockey League Players' Association.^[54] It was named official bank of the2007 Cricket World Cup.^{[55][failed verification]} In 2010, Scotiabank was a sponsor of the World Rally Championship'sCorona Rally Mexico. Since 2008, Scotiabank has been the official team sponsor of theCanadian cricket Team and the title sponsor of National T20 Championship inCanada.

Scotiabank is also the official bank of theWest Indies cricket team.^[56][57]

Scotiabank is also the title sponsor for a number of athletic facilities. They include theScotiabank Aquatics Center inGuadalajara;Scotiabank Saddledome inCalgary (since October 8, 2010); and theScotiabank Centre in Halifax (since June 25, 2014). Thenaming rights for the Scotiabank Centre was signed for ten years, with annual fees of $650,000 for said rights.^[58] The facility officially opened its doors as the rebranded Scotiabank Centre on September 19, 2014.^[59] On August 29, 2017, Scotiabank andMaple Leaf Sports & Entertainment, announced that Scotiabank purchased the naming rights to the Air Canada Centre in Toronto for $800 million, a record-setting deal described as "one of the biggest investments in naming rights in North America".^[60][61] The multi-sport complex was renamed July 1, 2018, asScotiabank Arena.^[62] From 2006 through 2013, Scotiabank held the naming rights to the arena of theOttawa Senators, branding itScotiabank Place.Canadian Tire took over the naming rights for the Senators' arena in June 2013.^[63] In 2022, Scotiabank acquired the naming rights to theBell MTS Iceplex near Winnipeg; rather than use the Scotiabank name, the facility is instead branded as Hockey for All Centre, as an extension of a diversity and inclusion campaign of the same name.^[64][65]

Scotiabank has been a title sponsor for a number of cultural events and institutions in Canada. In 2005, Scotiabank became title sponsor of theGiller Prize.^[66] From 2006 to 2015, Scotiabank was the title sponsor for theNuit Blanche event in Toronto.^[67] In 2008, Scotiabank announced a two-year sponsorship of Toronto's Caribana which would be rebranded asScotiabank Caribbean Carnival Toronto. The sponsorship of the Caribbean festival was extended until 2015, when the partnership with the festival ended.^[67] In 2016 Scotiabank held its first hackathon with the goal of solving Canadian debt.

Scotiabank and Canadian theatre operatorCineplex Entertainment partnered in 2007 to create a loyalty rewards program calledScene+. 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 can also request a debit card which gives them points when used, and a Visa credit card was launched in early May. Five Cineplex Entertainment locations were also rebranded as "Scotiabank Theatres." In 2015, the two companies announced they extended the partnership through October 31, 2025, and would expand naming rebrand another five theatres as Scotiabank Theatres.^[68] On December 14, 2021, the newScene+ program was launched. It merged Scene and Scotia Rewards points.^[69]

Scotiabank is also the title sponsor for two post-secondary facilities in Canada, including Scotiabank Hall atBrock University inSt. Catharines;^[70] and Scotiabank Hall in the Marion McCain Arts and Social Sciences Building atDalhousie University inHalifax.^[71] Scotiabank has also established an industry partnership with theUniversity of Waterloo Stratford Campus.^[72]

• 2005 – "Bank of the Year" – ForMexico, the Caribbean and inJamaica byLatinFinance.^[73]
• 2007 – "Bank of the Year"The Banker – London England, Scotiabank Trinidad and Tobago, Scotiabank Belize, Scotiabank Turks and Caicos
• 2008 – "Bank of the Year"The Banker – London England, Scotiabank Barbados, Scotiabank Trinidad and Tobago, Scotiabank Guyana, Scotiabank Turks and Caicos
• 2009 – "Bank of the Year"The Banker – London England, Scotiabank Canada, Scotiabank Barbados, Scotiabank Dominican Republic, Scotiabank Trinidad and Tobago, Scotiabank Turks and Caicos
• 2010 – "Bank of the Year"The Banker – London England, Scotiabank Barbados, Scotiabank Trinidad and Tobago, Scotiabank Turks and Caicos
• 2011 – "Best Emerging Market Bank"Global Finance Magazine – New York, Scotiabank Jamaica, Scotiabank Barbados, Scotiabank Costa Rica, Scotiabank Turks and Caicos.^[74]
• 2012 - "Global Bank of the Year"The Banker "Bank of the Year" for the Americas, Antigua, Barbados, Belize, British Virgin Islands, Canada and Turks and Caicos.^[75]
• 2013 – "Bank of the Year" in British Virgin Islands, Canada, Guyana, Jamaica and Trinidad and Tobago byThe Banker.^[76]
• 2014 – "Best Emerging Market Bank in Latin America"Global Finance Magazine in Jamaica, Barbados, Trinidad & Tobago, Turks and Caicos and U.S. Virgin Islands.^[77]

Scotiabank is a member of theCanadian Bankers Association (CBA) and registered member with theCanada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of theGlobal ATM Alliance, a joint venture of several major international banks that allows customers of the banks to use theirATM cards orcheck cards at certain other banks within the Global ATM Alliance without fees when traveling internationally. Other participating banks areBarclays (United Kingdom),Bank of America (United States),BNP Paribas (France andUkraine throughUkrSibbank),Deutsche Bank (Germany), andWestpac (Australia and New Zealand).^[78] Other international associations of which the bank is a member include:

1. William Lawson, 1832–1837
2. Mather Byles Almon, 1837–1870
3. James Donaldson, 1870–1871
4. John Doull, 1871–1872
5. Andrew Mitchell Uniacke, 1872–1874
6. John S. Maclean, 1874–1889
7. John Doull, 1889–1899
8. Jarius Hart, 1899
9. John Young Payzant, 1899–1918
10. Charles Archibald, 1918–1923
11. George Stewart Campbell, 1923–1927
12. Samuel John Moore, 1927–1934
13. John Andrew McLeod, 1934–1945
14. Herbert Deschamps Burns, 1945–1949
15. Horace Luttrell Enman, 1949–1956
16. Charles Sydney Frost, 1956–1958
17. Frank William Nicks, 1958–1970
18. Arthur Holmes Crockett, 1970–1972
19. Cedric Elmer Ritchie, 1972–1979
20. John Alexander Gordon Bell, 1979–1992
21. Peter Cowperthwaite Godsoe, 1992–2003
22. Richard Earl Waugh, 2003–2013
23. Brian Johnston Porter, 2013–2022
24. Lawren Scott Thomson, 2022–

1. Samuel John Moore, 1933–1945
2. John Andrew McLeod, 1945–1946
3. Herbert Deschamps Burns, 1949–1955
4. Horace Luttrell Enman, 1955–1959
5. Frank William Nicks, 1962–1972
6. Thomas Albert Boyles, 1972–1974
7. Cedric Elmer Ritchie, 1974–1995
8. Peter Cowperthwaite Godsoe, 1995–2004
9. Arthur Richard Andrew Scace, 2004–2009
10. John Thomas Mayberry, 2009–2014
11. Thomas Charles O'Neill, 2014–2019
12. Aaron William Regent, 2019–

1. Frank William Nicks, December 1958 – 4 January 1972
2. Thomas Albert Boyles, 4 January 1972 – December 1972
3. Cedric Elmer Ritchie, December 1972 – 19 January 1993
4. Peter Cowperthwaite Godsoe, 19 January 1993 – 1 December 2003
5. Richard Earl Waugh, 2 December 2003 – 31 October 2013
6. Brian Johnston Porter, 1 November 2013 – 31 January 2023
7. Lawren Scott Thomson, 1 February 2023 –

• History of the Bank of Nova Scotia, 1832–1900.
• The Bank of Nova Scotia, 1832–1932.
• Schull, Joseph, and J. Douglas Gibson.The Scotiabank Story: A History of the Bank of Nova Scotia, 1832–1982. Macmillan of Canada, 1982.

Wikimedia Commons has media related toScotiabank.

• Official website
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