Among the bank's goals is exploiting opportunities outside Canada.

Scotiabank has established its global wealth management business as a specific business line, which it says has racked up double-digit asset growth in recent years.

The Canadian bank has recently acquired firms such as Jarislowsky Fraser Limited and MD Financial Management to boost its wealth capabilities. 

"We are building on that momentum to expand and deepen our foundational businesses, increase our presence in new client segments, and leverage Scotiabank's footprint to realize opportunities in key markets outside Canada," Glen Gowland, executive vice president, global wealth management, said. 

"I believe we are the best at what we do because of our passionate commitment to enriching our clients' lives. We are focused on delivering all of our organization's capabilities for the benefit of our clients," added Glen.