Scotiabank has launched its **Private Client Group** in The Bahamas, offering high net worth clients access to specialised, high-end wealth management products and services. Dan Wright, Senior Vice-President, International Wealth at Scotiabank says, *”We are pleased to enhance Scotiabank’s offerings in the Caribbean, Central and Latin America, leveraging our expertise to create a customised and integrated financial solution for our clients.”*
Mr. Wright also announced that Cayman Islands and the Dominican Republic will follow The Bahamas in the coming months, with plans to further expand its Scotia Private Client Group brand throughout the region. Minna Israel, Managing Director of Scotiabank (Bahamas) Limited points out, *”Scotiabank has served the needs of our customers in The Bahamas since 1956 and now, with the addition of Scotia Private Client Group, we are expanding the breadth of our services to serve more complex financial needs on an international level, and also highlight our private banking services.”*
The Centre Director for the new Private Client Group here in The Bahamas is C. Dianne Davis-Bingham. She says The Bahamas was chosen for the launch of the programme because of its comprehensive private wealth management legislative platform – a result of having been in the business for decades.
Scotia Private Client Group will focus on services in the areas of investment management and advice, trusts and estate planning, private banking and insurance – providing a seamless, comprehensive one-stop solution for the wealth management needs of clients. The business model for the Caribbean, Central and Latin America will be similar to the one used in Canada, where integrated services are offered through teams of experts at distinct locations, outside the Bank’s network of branches. Clients deal directly with trained relationship managers who tailor resources and solutions to meet their individual needs.