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).