Scotiabank Plans to Enter Brazil Local Debt Markets, Boost Team

Bank’s Brazil CEO said firm experiencing a ‘ramp-up moment’
Canadian bank aims to reach more corporate clients in Brazil

Bank of Nova Scotia plans to underwrite local bonds in Brazil and offer cash-management services there as it expands in Latin America’s biggest nation. — Bank of Nova Scotia plans to underwrite local bonds in Brazil and offer cash-management services there as it expands in Latin America’s biggest nation.
Photographer: Kamara Morozuk/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Gabriel Diniz Tavares, Cristiane Lucchesi, and Rachel Gamarski

April 9, 2024 at 12:00 PM UTC

This article is for subscribers only.

Bank of Nova Scotia plans to underwrite local bonds in Brazil and offer cash-management services there as it expands in Latin America’s biggest nation.

“We are in a new moment, a ramp-up moment,” said Paulo Bernardo, Brazil chief executive officer and country head for the bank, in an interview.