TORONTO, March 31, 2017 /CNW/ - 1832 Asset Management L.P. ("1832 Asset Management"), as manager of the Scotia Private Pools® today announced a portfolio advisor change to Scotia Private Canadian Mid Cap Pool (the "Pool").

Effective June 1, 2017, Barrantagh Investment Management Inc. ("Barrantagh") will be appointed portfolio advisor for Scotia Private Canadian Mid Cap Pool, replacing the current portfolio advisor. Founded in 1995, Barrantagh is an employee-owned investment manager based in Toronto, Ontario. With approximately $1.2 billion in assets under management, Barrantagh applies a fundamental value-oriented approach to investment management on behalf of institutions and private clients.

1832 Asset Management uses a manager selection process that leverages the global research capabilities of investment management consultant, NT Global Advisors, Inc., a Northern Trust Corporation affiliate, to identify and evaluate best in class investment managers for Scotia Private Pools. Barrantagh joins an already strong line-up of portfolio advisors for the Scotia Private Pools. There will be no change to the investment objective of the Pool as a result of this portfolio advisor change.

Scotia Private Pools are a family of investment pools managed by 1832 Asset Management and distributed through ScotiaMcLeod®, a division of Scotia Capital Inc. (a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada).

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, their values change frequently and past performance may not be repeated.

About 1832 Asset Management L.P.
1832 Asset Management offers a range of wealth management solutions, including mutual funds, and investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management is a limited partnership, the general partner of which is wholly owned by Scotiabank.

About Scotiabank
Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of $887 billion (as at January 31, 2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

®Registered trademark of The Bank of Nova Scotia. Used under license.

SOURCE Scotiabank