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ScotiaBank sign outside Bank of Nova Scotia building at King St. West and Bay St. in downtown Toronto on March 12 2013.
ScotiaBank sign outside Bank of Nova Scotia building at King St. West and Bay St. in downtown Toronto on March 12 2013.
(Fred Lum/The Globe and Mail)

Scotia hires bank analyst from Macquarie

Bank of Nova Scotia has hired financial services analyst Sumit Malhotra away from Macquarie Group, marking the third time in recent months that a highly-ranked analyst from an independent has switched to a job at one of Canada’s big banks.

Mr. Malhotra joined Macquarie in 2009 from Merrill Lynch’s Canadian unit. Prior to that he worked at Genuity Capital Markets, and early in his career he worked at Scotiabank in trading risk management.