Bank of Nova Scotia’s Richard Waugh, who is stepping down next week after 43 years at Canada’s third- largest lender, said future growth will probably be in Asia after decades of expansion in Latin America.
Bank of Nova Scotia Chief Executive Officer Richard Waugh said global regulators’ emphasis on leverage ratios to strengthen the world’s banks doesn’t strike the “right balance” between managing risk and economic growth.
Bank of Nova Scotia , which reported record profit last year and in the first quarter of 2011, will meet its annual profit target this year on higher earnings from international banking and asset management, Chief Executive Officer Richard Waugh said.
Bank of Nova Scotia Chief Executive Officer Richard Waugh said he favors the acquisition of TMX Group Inc. by the owner of the London Stock Exchange as long as governance and Canada’s national interest are protected.
Bank of Nova Scotia Chief Executive Officer Richard Waugh said financial institutions should rely less on technology for trading operations after UBS AG had a $2.3 billion loss from unauthorized trading.