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Bank of Nova Scotia
Symbol BNS
Shares Issued 1,207,516,130
Close 2015-09-24 C$ 57.24
Market Cap C$ 69,118,223,281
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Globe sees Scotiabank take directors on Calif. junket

2015-09-25 08:12 ET - In the News

The Globe and Mail reports in its Friday edition that while Canadian bank executives have increasingly been making pilgrimages to Silicon Valley, Bank of Nova Scotia is taking this interest up a notch. The Globe's David Berman writes that on Sunday, the bank's board of directors is coming along on the next executive trip to California. "It's one thing for myself or my colleagues to get up in front of the board and talk about something," said Brian Porter, chief executive officer. "But for the board to see a real, live demonstration in the heart of Silicon Valley, we think it's really important." To be sure, plenty of other technology hubs are sprouting up in the world, but Silicon Valley resonates with blue-chip names. The three-day tour, nominally led by Michael Zerbs and Kyle McNamara, the co-heads of information technology at Scotiabank, starts on Sunday and will take in some of the biggest players in the area: MasterCard, to hear about payments technology; Google, to learn about its corporate culture; Cisco Systems, to understand how a large business can drive innovation; the list goes on. "As I've said, the old adage, 'The second mouse gets the cheese,' doesn't work today," said Mr. Porter.

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