Q3/11 Financial Performance and Outlook
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Global Wealth Management: 2011 Outlook
Strong AUM/AUA base to drive Wealth revenue growth
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$105 B in AUM, up 110% YoY (13% excluding DundeeWealth)
$276 B in AUA, up 49% YoY
Scotiabank
Quarterly net sales of $1.1B in Scotia Funds and Dynamic, mitigating market
declines
Global Insurance outlook is strong
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Attractive business with good growth potential and reduced market exposure
New products, increased cross-sell and new contact centres will continue to
drive top line
Increased scrutiny on expense growth/new initiatives heading into 2012
Continue to hold strategically important investment in Cl
Realignment of Wealth businesses to drive future performance
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Global Asset Management
Global Wealth Distribution
No changes to Insurance or Global Transaction Banking
Mike Durland
Group Head, Global Capital Markets
& Co-CEO, Scotia Capital
Scotia Capital
2011 Outlook
Scotiabank
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