Scotiabank Earnings Report
37
38
Global Wealth Mgmt: Growth Despite Volatile Markets
Revenues (TEB)
($ millions)
923
886
838
148
142
132
744
775
706
Q4/11
Q3/12
Q4/12
Insurance
Wealth Management
Scotiabank
.
Year-over-Year
Wealth Management
+ Higher revenues from asset management,
international wealth, full-service brokerage,
and Canadian private client businesses
+ Strong AUM and AUA growth
- Lower online brokerage revenues
Insurance
+ Higher global insurance revenues
Quarter-over-Quarter
Wealth Management
+ Higher asset management revenues
+ Good AUM and AUA growth
Insurance
+ Higher global insurance revenues
Global Wealth Management: Key Metrics
($ billions)
Q4/11 Q1/12 Q2/12 Q3/12 Q4/12
Assets Under Administration
262
269
275
272
283
Assets Under Management
103
106
109
109
115
Mutual Funds Market Share in
Canada vs. Schedule 1 Banks¹
18.4%
18.4% 18.4% 18.3% 18.3%
(1) Excludes Scotiabank's investment in CI Financial. Source: IFIC
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