Scotia Wealth Management enters an agreement with ICICI Bank Canada to offer asset management services for ICICI customers

Toronto Present May 13, 2025 / CNW/ – Scotia WEALTH Management, part of the Scotiabank Group of Companies, and Icici Bank Canada, a 100 % subsidiary of ICICI Bank Limited (NYSE: IBN), a leading bank in private sector in Indiahave entered a transfer order. Through this agreement, customers with a high network value of ICICI Bank Canada benefit from the possibility of accessing Scotia Wealth Management Solutions. ICICI Bank Canada currently offers bank services, including account services, money transfers and NRI transfer services.

“We look forward to this strategic relationship with Icici Bank Canada, a trustworthy name with a strong customer base within the South Asian community. Canada“said Jacqui AllardGroup Head, Global Wealth Management, Scotiabank. “The unique team -based approach of Scotia Wealth Management offers comprehensive advice and enables us to use the diverse financial needs of customers in the Canada together.”

“We are very happy to start a strategic relationship with Scotia Wealth Management,” said Himadar Maddipatla, President and CEO of ICICI Bank Canada. “Our Clients Value Excellence and We Are Confident That With The Knowledge, Experience, and Scale Of The Scotia WEATH Management Team and Their 'Total WEALTH' Approach, our Clients wants to be Benefit. Through This Collaboration, Clients of Icici Bank Canada will have management Services Through Scotia WEALTH Management, in Addition to Receiving a Comprehensive Suite of Solutions Through Icici Bank Canada, Including Non-Resident Indian Services, Remittances to India and banking business “

“This strategy emphasizes our commitment to support the diversity of entrepreneurs, business owners and wealthers Canada“said Alex BesharatExecutive Vice President and Head, Canadian Wealth Management, Scotiabank. “Together we are obliged to promote growth and excellence for both organizations as well as for the customers we serve.”

About Scotiabank

Scotiabank's vision is to be the most trustworthy financial partner of our customers and to achieve a sustainable, profitable growth. Guided by our purpose: “For every future” we help our customers, their families and their communities through a wide range of advice, products and services, including personal and commercial banking transactions, asset management and private banks, corporate and investment banking as well as capital markets. With assets of approx. 1.4 trillion dollars (January 31, 2025), Scotiabank is one of the largest banks in North America through assets and acts at the Toronto Stock Exchange (TSX: BNS) and the New York Stock Exchange (NYSE: BNS). You can find more information at www.scotiabank.com and follow us at X @Scotiabank.

To learn more about Scotia Wealth Management, please visit:

www.scotiaweaaltmanagement.com

About the Icici Bank Canada: Icici Bank Canada is a 100 % subsidiary of Icici Bank Limited (NYSE: IBN), a leading bank in private sector in India. The total assets of Icici Bank Limited stood up CAD 355.01 billion dollars To March 31, 2025.

Icici Bank Canada runs business as a full-service direct bank Canada Bank law. The bank served its customers in Canada A large number of products and services in the financial sector for 20 years. It offers products for personal and business banking from newcomer banking accounts, personal accounts, mortgages, transfer, commercial bank accounts, business FX, small company loans, corporate banking. Visit icicibank.ca to learn more.

Source Scotiabank

For media inquiries, contact: Lana Gogas, Global Wealth Management Communications, Scotiabank, [email protected].