ScotiaMocatta has been named one of Canada’s 71 Global Leaders by the Institute for Competitiveness and Prosperity.

The list identifies the five largest firms in various industries. ScotiaMocatta was recognized as one of the five leading firms in precious metals trading and finance.

“We strive to be a global leader in our industry, and this recognition speaks to everything we have achieved,” said Barry Wainstein, vice chairman, Scotia Capital and the global head of foreign exchange and precious metals, in a news release.

“Canada’s long-term prosperity truly depends on the success of our large, globally competitive companies (or large global leaders),” said James Milway, executive director, Institute for Competitiveness and Prosperity. “The companies on our list of Canada’s 71 Global Leaders contribute significantly to the strength of our economy.”

The Institute for Competitiveness and Prosperity is the research arm of Ontario’s Task Force on Competitiveness, Prosperity and Economic Progress.

ScotiaMocatta is the precious metals division of Bank of Nova Scotia and is a global leader in precious metals trading and finance.