Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Report on Business

Streetwise

News and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

Scotiabank's dilemma: Take over CI or let it be? Add to ...

Subscribers Only

For Brian Porter, the new head of Bank of Nova Scotia, the priority is making the deals the bank has already done really perform for shareholders. One of these days, though, he is going to have to make the call on the big transaction that has not been done – buying the rest of CI Financial.

Mr. Porter is just breaking in his new chief executive’s chair at Scotiabank. In the lead up to taking over from Rick Waugh, Mr. Porter broadcast clearly what he wants to do first. The bank has laid out billions to buy assets at home and abroad, and he will want to jack up the returns from businesses such as Banco Colpatria in Colombia and ING Direct (now known as Tangerine) here in Canada.

Report Typo/Error

Follow us on Twitter: @GlobeBusiness

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular