Market Insights

Scotiabank is proud to be named ‘Best FX Bank in Canada’ by Global Finance as part of the Global Finance Gordon Platt Foreign Exchange Awards for 2024. This award recognizes Scotiabank’s strong performance in 2023, resulting from its products, service and client-centric approach.

Left to right:  Webster Coutinho, Director, London FX Sales, Gabriel Buteler, Global Head of Rates Trading, Europe, Jonny Newman, Director, London FX Sales, Benjamin Gibson, Managing Director & Head, US & European FX Sales, Dominika Przybylska, Associate, London FX Sales, Michael Brian, Managing Director & Head, Global Capital Markets Europe


Each year, the editorial board of Global Finance selects the best financial service providers in a variety of categories to recognize the world’s best FX banks and technology providers for their achievements, including transaction volumes, scope of coverage, service and innovation.

For the year 2023, Scotiabank earned the ranking of Canada’s top FX provider due to its leading role providing best-in-class FX services for institutional, corporate, mid-market, small business and retail clients, with market-leading sales, trading, strategy and structuring capabilities. Today, the Bank’s active FX coverage extends to over 3,000 corporate clients and over 10,000 mid-market/small business clients, providing 24-hour global service and trade execution through currency experts in major financial centres, plus e-trading through multi-bank platforms and Scotiabank’s proprietary platform, ScotiaFX.

“We share this award with our clients, who we thank for entrusting us with their FX needs. It has been a privilege to be able to share our expertise and support their requirements amidst much market uncertainty in 2023,” remarked Ryan O’Keefe, Managing Director and Head, Corporate and Retail FX Sales.

“Over the past year, our FX franchise has undergone a profound transformation to drive product innovation, technology tools and a truly client-centric approach. It’s gratifying to receive Global Finance recognition of these efforts, and for the exceptional performance we provided to our clients during the past year,” said Stephanie Larivière, Managing Director and Global Head, Foreign Exchange & Commodity Sales and Derivatives Product Group.


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