MD Financial will operate as a distinct, stand-alone brand within Scotia Wealth Management upon the closing of the deal
The four portfolios each invest in one or more underlying ETFs
Raj Viswanathan named acting CFO
Recently announced acquisitions in Chile, Colombia and Peru are expected to close in the second half of this fiscal year
Planned acquisition of Cencosud Peru not expected to affect bank’s asset quality
The completed deal creates the third-largest Canadian active asset manager with $166 billion in assets under management
With the introduction of four ETFs, the bank would become the latest among the Big Five to enter this rapidly growing space
The bank is investing $250 million over the next decade to help its employees adapt to the digital economy
Canada’s banks now are holding more capital as a safety buffer than they were 10 years ago
Acquisition helps Scotiabank expand in the institutional space