Colombian Economy & Banking Sector Analysis
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
Employees¹
~7,200
Countries¹
14
MEDIUM-TERM FINANCIAL OBJECTIVES
Target³
Assets Under Administration¹
Assets Under Management¹
Earnings Growth
8%+
$477
$278
billion
billion
Productivity Ratio
<65%
Return on Equity 1,2
Productivity Ratio 1,2
Operating Leverage 1,2
Operating Leverage
Positive
13.8%
61.9%
Positive
Competitive
Advantages
Asset Management: Proprietary and 3rd Party Fund Distribution
Advisory: Fully-integrated advice model, including Private Banking
1 Figures as of April 30, 2020 or for the 3 months ended April 30, 2020
2Adjusted for Acquisition-related costs and impact of additional pessimistic scenario
33-5 year target from 2020 Investor Day
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