Company

Question 1

net income of global banking and markets

Answer 1

$1.75bn of $9.1bn (down 3% last year)

Question 2

what are some strengths of scotiabank

Answer 2

strong risk management culture,
diversified exposure to high quality growth markets in pacific area,
strong balance sheet, capital and liquidity ratios

Question 3

global banking and markets growth areas

Answer 3

opportunities for growth in Latin America and the US

Question 4

acquisitions in 2018

Answer 4

$7bn acquisitions, BBVA chile, MD financial management and Jarislowsky Fraser make Scotia 3rd largest Canadian active asset manager

to add customers grow earnings and increase presence in key markets

Question 5

net income 2018

Answer 5

$9.1bn, 2017 $8.3bn

Question 6

what did global banking and markets do in 2018

Answer 6

key hires in investment banking and capital markets,

industry-leading technologies to modernise legacy platforms

Question 7

difference between investment banking and capital markets

Answer 7

investment banking more advisory side (M&A, valuation work, industry coverage),
capital markets execution (ECM DCM)

Question 8

what is leveraged finance

Answer 8

pair those with money to invest in debt with companies looking to raise money through leveraged debt products, difference to DCM that LevFin work with less-established firms (high yield bonds)

Question 9

what are the banks values

Answer 9

respect,
integrity,
passion,
accountability

Question 10

what does Global Banking do

Answer 10

wholesale banking business with corporate government and institutional clients in Canada, US and Latin America

Question 11

what services do global banking and markets offer

Answer 11

corporate lending, investment banking (corporate finance and M&A), fixed income and equity underwriting, sales and trading, research, prime services, forex and commodities s&t

Question 12

deals 2018

Answer 12

financial advisor to and joint bookrunner for Royal Dutch Shell on $3.3bn sale of shares in Canadian Natural Resources,
reasons: debt reduction and shed one of its dirtiest assets as CEO focus on cutting emissions,
lead bookrunner Brookfield renewable partner’s C$300m green bond due 2029

Question 13

GBM 2019 priorities

Answer 13

expand regional expertise in investment banking and ECM to focus on local and cross-border M&A and advisory deals,
deeper penetration of pacific alliance

Question 14

who is in the pacific alliance

Answer 14

Chile
Colombia
Mexico
Peru

Question 15

what is special about prime brokerage at Scotiabank

Answer 15

only Canadian bank with full scope prime services business and international footprint

Question 16

what are three considerations for alternative asset managers when selecting prime services broker

Answer 16

long term sustainable relationship (better service with better understanding),
regional strength, securities specialisation,

Question 17

risks to global economy over next 12-18 months

Answer 17

monetary policy tightening,
best of US fiscal stimulus behind,
chinese policy stimulus (not risk but we could be putting too much weight on it),
trade relations (US and china),
brexit,
tight labour markets wage inflation (might need policy rises)