Best Bank − Jamaica: Scotiabank

Best Bank − Jamaica: Scotiabank


Scotia’s assets saw 31% growth year-on-year as of April, on the back of major growth in assets related to wealth management – 194% year-on-year as of April – and insurance rising 43%. “Investment management is a very tough market,” in terms of competition in Jamaica and the Caribbean, says Scotiabank CEO William Clarke. To continue expanding in a sector he describes as even more competitive than retail, the bank is focused on rolling out new products.  The Scotia DBG investment arm is awaiting regulatory approval to launch a US dollar-denominated Caribbean fixed-income fund. Clarke says the objective is to push into the Eastern Caribbean by offering inve

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