Nova Scotia Recognized Globally as a Financial Centre

Dec 20, 2011

Stephen Lund, president and CEO of Nova Scotia Business Inc. (NSBI) has been recognized as one of the 500 most influential people in financial centres globally. The Financial Centres International (FCI) 500 list is an insight into the forces that are shaping the financial centres of the world.

“I would like to congratulate Stephen on his accomplishment.” said Jim Eisenhauer, chair of the NSBI board of directors. “We are a small jurisdiction compared to other financial centres and Stephen’s strong leadership has brought international attention to Nova Scotia.”

Financial Centres International, a Dublin-based publication, recognized key players in jurisdictions across the globe. There are 13 other Canadians on the list including Mark Carney, Bank of Canada Governor, and Jim Flaherty, Canada’s Minister of Finance. 

“Congratulations to Stephen on this well-deserved recognition,” said Michele Wood-Tweel, CEO and executive director of the Institute of Chartered Accountants of Nova Scotia. “It’s been a pleasure to work with his team at NSBI as we work together to grow the financial services sector and create new opportunities for Nova Scotia’s talented graduates.”

The province, through Nova Scotia Business Inc. and its partners, has attracted some of the top financial companies in the world including Citco Fund Services, Flagstone Re-insurance, Butterfield Fulcrum and Marsh Captive Solutions.

“It is an honour to share this recognition with so many influential leaders around the world,” said Mr. Lund. “This is a strong endorsement of Nova Scotia’s financial services sector and validates that we have what it takes to compete. In spite of global economic challenges, we continue to be aggressive, proactive and build on our strengths.”

Nova Scotia has seen growth in alternative areas such as fund administration and re-insurance. Nova Scotia’s financial services sector grew 22 per cent from 2005 to 2010. Nova Scotia offers several key advantages including competitive costs, skilled labour and a strategic “nearshore” location. 

To view the Financial Centres International (FCI) 500 list: