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Scotiabank’s Cathedral branch in Puebla, Mexico: ‘We have a wonderful road to run in markets like Mexico, Chile and Peru which saw 25-per-cent growth last year.’
Scotiabank’s Cathedral branch in Puebla, Mexico: ‘We have a wonderful road to run in markets like Mexico, Chile and Peru which saw 25-per-cent growth last year.’
(KEITH DANNEMILLER/)

STREETWISE

Scotiabank looks to expand wealth management

Canadian banks have put a major focus on their wealth management businesses in recent years, and Bank of Nova Scotia sees expansion in emerging economies as one of the biggest growth opportunities for the sector.

The bank is looking to increase its footprint in South America and Asia, where the growing ranks of the middle class find themselves with more wealth to manage. Companies such as Scotiabank see an increasing demand for services such as pensions and retirement planning in these countries.