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Bank of Nova Scotia T.BNS

Alternate Symbol(s):  BNS

The Bank of Nova Scotia is a bank in the Americas. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Its segments include Canadian Banking, International Banking, Global Wealth Management and Global Banking and Markets. The Canadian Banking segment provides a full suite of financial advice and banking solutions to retail, small business and commercial banking customers. The International Banking segment is a diverse franchise with Retail, Corporate, and Commercial customers. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across its footprint. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.


TSX:BNS - Post by User

Post by newcoinon Sep 26, 2022 11:31am
278 Views
Post# 34986584

From BNN This A.M.

From BNN This A.M.

'SURPRISE' CEO SUCCESSION AT BANK OF NOVA SCOTIA

Brian Porter is retiring as the bank’s president and chief executive at the end of January. His successor is Scott Thomson, who has been serving as the head of Finning International, the Vancouver-based Caterpillar equipment dealer. Granted, he’s been on Scotia’s board of directors since 2016. But in early reaction this morning, Anish Chopra from Portfolio Management Corp. called the decision a “surprise” that runs counter to the industry convention of internal succession. We’ll have plenty more reaction today, and will review how Porter helped to reshape Scotia — and why the bank hasn’t been rewarded by investors.

 
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