Scotiabank Pacific Alliance Expansion
Global Wealth Management
3rd Largest Wealth Management Business in Canada'
Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients
across Scotiabank's footprint.
Business Overview²
12%
11%
Revenue
AUM
$1.3B
$332B
88%
International
89%
Canada
Adjusted Net income 3,4 ($MM) and ROE³ (%)
Financial Results
19%
AUA
$571B
$MM, except AUM/AUA
Reported
Q2/21
Y/Y
Q/Q
81%
17.9%
16.7%
13.8%
14.3%
14.3%
425
62
314
332
333
363
378
Net Income4
$372
23%
(11%)
Pre-Tax, Pre Provision Profit
$506
23%
(12%)
Revenue
$1,308
16%
(6%)
Expenses
$802
12%
(2%)
PCLS
($2)
nmf
nmf
Productivity Ratio
61.3%
(210 bps)
250 bps
AUM ($B)
$332
19%
6%
AUA ($B)
$571
20%
4%
Adjusted²
Q2/20
Q3/20
Q4/20
Q1/21
Q2/21
1 Ex. Performance Fees
Performance Fees
Medium-Term Financial Objectives
Net Income Growth
Target5
8%+
Net Income4
$378
21%
(11%)
Pre-Tax, Pre Provision Profit
$516
20%
(11%)
Expenses
$792
14%
(2%)
Productivity Ratio
60.6%
(130 bps)
250 bps
Productivity Ratio
Operating Leverage
<65%
Positive
1 Based on Total Net Income for publicly traded banks in Canada for the fiscal year ended October 31, 2020; 2 Figures as of April 30, 2021 or for the 3 months ended April 30, 2021; 3 Adjusted for Acquisition-
related costs and impact of additional pessimistic scenario; 4 Attributable to equity holders of the Bank; 53-5 year target from 2020 Investor Day
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