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  • Writer's pictureJosh Rovner

Why Scotiabank GBM for Investment Banking? / Overview of Scotiabank Global Banking and Markets

If you're interested in breaking into finance, check out our Private Equity Course and Investment Banking Course, which help thousands of candidates land top jobs every year.


Scotiabank Global Banking and Markets is one of the top Canadian investment banks and is part of the Big 6 Canadian banks. Bank of Nova Scotia (operating as Scotiabank), the parent company, has several divisions and operates as a full-service investment bank in Canada.

Scotiabank GBM Overview

Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Scotiabank GBM, you should make sure you know:

  • 1 deal that the investment banking group has done

  • 1 person at the firm (ideally someone who would have influence over your recruiting process)

  • 1 business model-specific detail to mention

We articulate how you can answer this question thoughtfully in our Investment Banking Course. We also cover all technical and qualitative information you need to get a top investment banking offer.

Big 3 Qualitative Questions

Selected Transaction

Scotiabank Global Banking & Markets has a presence in all sectors, with strengths lying in Power, Utilities, and Infrastructure (PU&I). An example of this is when Scotiabank Global Banking & Markets advised natural resource firm Enerflex Ltd. on its acquisition of Exterran Corporation.

  • Transaction Description: Enerflex Ltd. acquired Exterran Corporation (formerly NYSE:EXTN). These companies merged to become the premier provider of energy infrastructure a leader in gold mining and production. The companies boast clients around the world.

  • Transaction Value: US$1.5B post-merger market capitalization

  • Transaction Date: Announced January 2022

  • Press Release

Fact Sheet

  • Company Name: Scotiabank Global Banking and Markets (part of Scotiabank)

  • Description: Scotiabank Global Banking and Markets is a global capital markets firm providing services including investment banking, sales and trading, sustainable finance, and market research to clients globally

  • Bank Category: Canadian bulge bracket

  • Ticker: NYSE:BNS and TSE:BNS

  • Founded: 2012 (for Scotiabank Global Banking and Markets)

  • Chief Executive Officer: Jake Lawrence

  • Headquarters: Toronto, Canada


Scotiabank GBM Glassdoor

Scotiabank GBM Salary
scotiabank h1b data

Based on the H1B Database, the average base salary for an Analyst at Scotiabank is $90k - $120k.


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