The Bank of Nova Scotia (BNS) Presents at RBC Capital Markets Global Financial Institutions Conference (Transcript)

The Bank of Nova Scotia (NYSE:BNS) RBC Capital Markets Global Financial Institutions Conference March 5, 2025 8:40 AM ET

Company Participants

Phil Thomas - Group Head & Chief Risk Officer

Conference Call Participants

Darko Mihelic - RBC Capital Markets

Darko Mihelic

[Abrupt Start] ....Thomas from Scotiabank, and he is the Chief Risk Officer for Scotia. So we're delighted to have you here to talk about all things risk, but welcome to the conference.

Phil Thomas

Thanks, Darko. My pleasure.

Question-and-Answer Session

Q - Darko Mihelic

And actually, maybe before we even dive into risk, I think, if many of you don't know, Phil, he's actually been around the Scotiabank for a very long time. And so -- and he's been there. He's seen a lot of executive changes and he's been through and he's seen quite a bit. So maybe I thought instead of just diving into credit because we're going to talk credit they're almost the entire thing. I thought maybe why don't we start-off with just maybe asking you something along the lines of you've seen a lot of changes. There was a big strategic shift. You had a big Investor Day. So where are you on that road map? And as we think about where you are in the process, maybe you can speak about some of the most critical deliverables this year for Scotiabank. So over to you, Phil.

Phil Thomas

Thank you, Darko. As Darko said I've been with Scotia, just shy of coming up to almost 30 years with the bank. I don't perhaps I don't look it, but I certainly feel it some days. It's -- this is, I think, my fourth CEO with Scott in the chair. So we've seen a lot of change within the organization over the years.

As you