Scotiabank: a reliable partner providing high-value niche solutions and advice
As one of the most successful countries in Southeast Asia to attract foreign direct investments, Malaysia continues to strengthen its economic policies and legal infrastructure to maintain its competitiveness. Thanks to the presence and services of multinational banks such as The Bank of Nova Scotia (Scotiabank), the country continues to draw foreign investors.
As one of the most successful countries in Southeast Asia to attract foreign direct investments, Malaysia continues to strengthen its economic policies and legal infrastructure to maintain its competitiveness. Thanks to the presence and services of multinational banks such as The Bank of Nova Scotia (Scotiabank), the country continues to draw foreign investors.
Scotiabank has been a solid partner to Malaysia's economic growth since 1973. It provides wholesale banking services to government-linked corporations and privately held companies in the country, and in other Asia-Pacific markets. Scotiabank was locally incorporated in 1994. Its strategy is to deepen the corporate and commercial client base and broaden wholesale banking product offerings. The vision is to become a top five foreign wholesale bank among its chosen clients in Malaysia.
"We're committed to building Malaysia as we deal with some of the largest names in the country," says Lodewijk Govaerts, CEO. "We focus on building long-term client relationships and provide relevant products that match Malaysia's well-developed economy and financial market. In Malaysia, we are not one of the largest foreign banks, but in our chosen niche markets and products, we're ready to compete with the biggest."
Scotiabank is a leading financial services provider in more than 55 countries, offering a broad range of financial products and services with institutional strengths in energy, infrastructure, mining and the financial services sectors. In addition, the bank capitalises on its multinational footprint by targeting pan-Asian business flows and pan-southern hemisphere relationships between Asia, Latin and Central America, and the Caribbean. Trade finance is a particularly strong area in which Scotiabank capitalises on global relationships with banks to offer competitive financial solutions to clients with a strong export focus.
Scotiabank is ranked among the safest banks globally. "Scotiabank is one of the very few banks that did not need to issue new shares or get support from the government during the financial crisis in 2008," Govaerts says. "Since the financial crisis, Scotiabank has grown from approximately 69,000 to 83,000 in terms of employees and has made some 40 acquisitions around the world, further strengthening its footprint."
www.scotiabank.com.my
