Economic Forecasts and Performance Review
Global Wealth Management
Profitable, High Growth, Strong Momentum
• Global Wealth Management is focused on delivering comprehensive wealth management advice and
solutions to clients across Scotiabank's footprint
Customers
2.5
million
Assets Under Administration
$497
billion
Employees
Countries
8,000
MEDIUM-TERM FINANCIAL OBJECTIVES
14
Target4
Assets Under Management
Earnings Growth
8%+
$302
billion
Productivity Ratio
<65%
NIAT 1,2,3
% of All Bank Earnings
Productivity Ratio
Operating Leverage
Operating Leverage
Positive
13.2%
63.1%
Positive
Competitive
Advantages
Asset Management: Proprietary and 3rd Party Fund Distribution
Advisory: Fully-integrated advice model, including Private Banking
1 Net income attributable to equity holders
2Figures adjusted for Acquisition and divestiture-related amounts, including Day 1 PCL on acquired performing loans, integration and amortization costs related to current acquisitions, amortization of intangibles related to current and
past acquisitions and losses/(gains) on divestitures and related costs
3Excluding Other segment
43-5 year target from 2020 Investor Day
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