Scotiabank To Roll Out Wealth Management In Caribbean, Central America

Canada’s Scotiabank is planning to extend its wealth management business across the Caribbean and Central America region, explaining that the pattern of the expansion will “reflect Scotiabank’s retail footprint in the region”. Last week it launched its Scotia Private Client Group in the Bahamas; it will roll out services in the Cayman Islands and the Dominican Republic over the next few months. Scotia Private Client Group will offer high net worth clients international brokerage and local private banking services. Additional services may be offered depending on local regulatory conditions. Where permitted, Scotia Private Client Group will also provide offshore private banking and onshore brokerage, as well as trust and estate services, said the Bank.