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Nova Scotia is a Global
Financial Centre for Shared Services, Middle and Back Operations.
Nova Scotia Business Inc. (NSBI) has attracted some of the largest financial services companies in the world including Citco Fund Services, Marsh Captive Solutions, Butterfield Fulcrum, Castle Hall Alternatives and Admiral Insurance.
The growth of Nova Scotia’s financial services industry is rooted in the province’s inherent advantages including proximity to major financial centres like New York and London, competitive costs and time zone which allows for on overlapping work day with European and North American markets.
Canada has the soundest banking system in the world according to the World Economic Forum Global Competitiveness Report 2011-2012.
to KPMG, Halifax, Nova Scotia is considered the “fastest growing hedge fund
administration centre in Canada.”
has one of the highest concentrations of insurance industry firms and
employment among urban centres across Canada.
majority of Canada's top insurance firms are located in Nova Scotia.
This includes Intact Insurance, Manulife Financial, Royal & Sun Alliance
Insurance Company of Canada and The Dominion.
Scotia’s Hibernia Atlantic has introduced the Global Financial Network (GFN),
a network specifically designed to meet two major demands of the global
financial industry —greater bandwidth capacity and security.
Scotia is Canada’s University Capital and is home to 10 universities and 13
community college campuses.
Scotia offers several key advantages including cost-competitive operating
costs, educated and loyal labour pool, strategic nearshore location to the US
and Europe, financial incentives, world-class infrastructure and an
established financial services cluster.
our capital city, ranked number one out of all Canadian and US cities for
lowest business operating costs in the International Financial Services
sector according to KPMG Competitive Alternatives 2012.
One of Nova Scotia’s post-secondary academic institutions, NSCC,
recently announced the development of a new Advanced Diploma in Finance
which will launch in September 2013. NSCC actively works partners in
industry to ensure programs reflect their workforce needs.
In addition to the hedge fund administration firms,
there are a cluster of companies supporting the hedge fund industry
providing services such as legal, accounting, due diligence, risk
management and consulting.
Lorraine Doridam Nova Scotia Business Inc. 902.424.6685Send Lorraine an email
Nova Scotia has a history steeped in financial services. Since the
incorporation of the Bank of Nova Scotia (Scotiabank) in 1832 to support
the thriving trans-Atlantic trade between Britain, North America and
the West Indies, financial services companies have been finding success
within the province’s borders.