Scotiabank merges investment arms
Article Abstract:
Bank of Nova Scotia is merging its two investment management units, Scotia Investment Management Ltd. and Cassels Blaikie Investment Management, setting up a new entity that will manage over C$13 billion in assets. The new entity will be called Scotia Cassels Investment Counsel Ltd., which will serve as manager of about 23 mutual funds and adviser to some 70 institutional customers and pension funds. Also, the new company will offer investment management services to Scotiatrust, the trust created as a result of the 1993 acquisition of National Trust and Montreal Trust by Scotiabank.
Comment:
Is merged with Scotia Investment Management Ltd by parent Bank of Scotia
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Scotiabank's Latin obsession
Article Abstract:
Bank of Nova Scotia has invested around C$700 million in different financial institutions in South and Central America. The bank believes that the Latin American region is underserved and views its strategy in the context of its overall international operations. Among its investments are a 10% stake in Mexico's Grupo Financiero Inverlat, 53% stake in El Salvador's Ahorromet Scotiabank, 80% stake in Costa Rica's Corporacion Mercaban and a 100% stake in Argentina's Banco Quilmes.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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