TORONTO, Dec. 13, 2018 /CNW/ - Scotia Wealth Management was named Best Private Bank in the world for individuals with a Net Worth between $1 million and $24 million by Global Finance magazine, for its expertise in serving the specialized needs of these individuals as they seek to grow, preserve, and pass on their wealth. Scotia Wealth Management also won five Country Awards from Global Finance, including Best Private Bank in Peru, Jamaica and the Cayman Islands.

The World's Best Private Bank awards identify "…the wealth management teams that are responding most effectively to the mix of challenges and opportunity that characterizes private banking at the start of the 21^st century," says Joseph D. Giarraputo, Global Finance magazine, publisher and editorial director.

"For Scotia Wealth Management to receive this honour is a testament to the high-calibre teams we have in place in Canada and internationally and their dedication to help clients with wide-ranging and complex financial needs realize their goals," says Glen Gowland, Executive Vice President, Global Wealth Management at Scotiabank. "We are humbled by the trust our clients place in us – and continue to strive to make a significant impact on their lives."

The Private Bank Awards were selected by Global Finance's editorial board with input from executives and industry insiders. Winners will be honoured at an Awards Dinner at the Harvard Club of New York City on February 5, 2019.

About Scotia Wealth Management
Scotia Wealth Management® is an innovative team-based approach to wealth management that addresses the entirety of your life – your family, your business, your future – one facet at a time.

® Registered trademark of The Bank of Nova Scotia, used under licence. Scotia Wealth Management® consists of a range of financial services provided by The Bank of Nova Scotia (Scotiabank®); The Bank of Nova Scotia Trust Company (Scotiatrust®); Private Investment Counsel, a service of 1832 Asset Management L.P.; 1832 Asset Management U.S. Inc.; Scotia Wealth Insurance Services Inc.; and ScotiaMcLeod®, a division of Scotia Capital Inc. Wealth advisory and brokerage services are provided by ScotiaMcLeod, a division of Scotia Capital Inc. Scotia Capital Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.  

About Scotiabank
Scotiabank is Canada's international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 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 97,000 employees and assets of $998 billion (as at October 31, 2018), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank