The Bank of Nova Scotia

The Bank of Nova Scotia in the sale of its Caribbean banking operations to Republic Financial Holdings Limited


The Bank of Nova Scotia




Mergers and Acquisitions

Date Closed

Lead Office


On November 27, 2018, The Bank of Nova Scotia (Scotiabank) announced the sale of its banking operations in 9 markets in the Caribbean (Anguilla, Antigua, Dominica, Grenada, Guyana, St. Kitts & Nevis, St. Lucia, St. Maarten, St. Vincent & the Grenadines) to Republic Financial Holdings Limited. These exits are part of Scotiabank’s broader strategy to increase their scale in core geographies and businesses.

Republic Financial Holdings is a leading financial group based in Trinidad & Tobago with operations across the Caribbean and Ghana.

Osler, Hoskin & Harcourt LLP is acting for Scotiabank with a team led by Doug Marshall that included Brian Gray, Sahil Chopra, Victoria Graham (Corporate), Shuli Rodal (Competition/Antitrust), Damian Rigolo (Employment & Labour), Jana Steele, Jonathan Marin (Pensions & Benefits), Patrick Marley, Emily Gilmour (Tax) and Ted Liu (Technology).