Embracing Fintech
Global Wealth Management
3rd Largest Wealth Management Business in Canada¹
Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients
across Scotiabank's footprint. Global Wealth Management serves over 2 million investment fund and advisory clients across
14 countries - administering approximately $600 billion in assets.
Business Overview
Strategic Focus
.
13%
10%
Q3/22
Revenue
Q3/22
AUM³
Mix²
$320Bn
$1.3Bn
88%
90%
20%
Q3/22
AUA³
$581Bn
Continued growth opportunities through digital Scotia Smart
Investor rollout, close partnership with the Retail bank, and
new product innovation
80%
Financial Results
International
Canada
Reported Net Income* ($MM) and ROE5 (%)
$MM, except AUM/AUA
Reported
Q3/22
Y/Y
Q/Q
16.5%
16.3%
17.2%
412
-7
390
385
405
407
376
17.5%
15.5%
Net Income4
$376
(3%)
(8%)
Pre-Tax, Pre Provision Profit
$516
(1%)
(7%)
Revenue
$1,312
(2%)
(3%)
Expenses $796
(2%)
(1%)
PCLs $5
nmf
nmf
Q3/21
Q4/21
Q1/22
Q2/22
Q3/22
Ex. Performance Fees
Performance Fees
Productivity Ratio³
60.6%
(30 bps)
150 bps
AUM ($B)³
$320
(6%)
(2%)
AUA ($B)³
$581
(2%)
Medium-Term Financial Objectives
Net Income Growth 4,5
Adjusted
Productivity Ratio5
Operating Leverage5
Target'
8%+
<65%
Positive
Net Income4
$383
(3%)
(7%)
Pre-Tax, Pre Provision Profit
$525
(1%)
(7%)
Expenses
Productivity Ratio
$787
(2%)
(1%)
59.9%
(30 bps)
140 bps
1 Based on Total Net Income for publicly traded banks in Canada for the 3 months ended July 31, 2022; 2May not add due to rounding; ³Refer to page 51 of the Management's Discussion & Analysis in the Bank's
Third Quarter 2022 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 4Attributable to
equity holders of the bank; 5 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2022 Report to Shareholders, available on http://www.sedar.com;
6 Pre-Tax, Pre-Provision Profit defined as revenues less expenses; 73-5 year target from 2020 Investor Day
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