Scotiabank and Canaccord Genuity Enter Strategic Alliance
Scotiabank and Canaccord Genuity have announced a strategic alliance to provide comprehensive financial services to clients across multiple sectors
The alliance will combine Scotiabank's global banking and capital markets expertise with Canaccord Genuity's leading capital markets advisory platform.
Scotiabank and Canaccord Genuity have announced a strategic alliance to provide comprehensive financial services to clients across multiple sectors. The alliance will combine Scotiabank's global banking and capital markets expertise with Canaccord Genuity's leading capital markets advisory platform.
The alliance will provide clients with access to a broader range of financial products and services, including investment banking, capital markets, wealth management, and corporate banking. The two firms will also collaborate on product development and innovation to meet the evolving needs of clients.
The alliance is subject to regulatory approvals and is expected to close in the fourth quarter of 2023. Financial terms of the transaction were not disclosed.
Benefits of the Alliance
The alliance will provide a number of benefits to clients, including:
- Access to a broader range of financial products and services
- Enhanced expertise in key sectors
- Innovative solutions to meet evolving client needs
- Seamless integration of services
Quotes from Scotiabank and Canaccord Genuity
"We are excited to partner with Canaccord Genuity to provide our clients with a more comprehensive suite of financial services," said Brian Porter, President and CEO of Scotiabank. "This alliance will allow us to leverage our respective strengths to better serve our clients and drive growth."
"We are delighted to enter into this strategic alliance with Scotiabank," said Dan Daviau, President and CEO of Canaccord Genuity. "This alliance will create a powerful combination of expertise and capabilities that will benefit our clients in multiple sectors."
About Scotiabank
Scotiabank is a leading bank in the Americas. We provide a wide range of financial products and services, including personal and commercial banking, wealth management, and corporate banking. With a team of over 90,000 employees and assets of over $1 trillion (as of October 31, 2022), Scotiabank serves over 25 million customers in over 50 countries and territories worldwide.
About Canaccord Genuity
Canaccord Genuity is a leading independent investment bank, asset manager, and wealth management firm. We provide comprehensive financial services to corporates, institutions, and individuals worldwide. With offices in 10 countries, Canaccord Genuity has a team of over 1,000 employees and assets under management of over $50 billion (as of June 30, 2023).
