Building on more than a decade of corporate and capital markets experience in Brazil, Scotiabank recently expanded its offerings, by launching innovative equities brokerage services to Brazil-based investors.
Recognized as the only Canadian financial institution operating with a full banking license in Brazil since 2011, Scotiabank Brazil has distinguished itself for delivering a welcome array of wholesale banking services in the world’s 12th largest economy. In fact, the tight-knit Sao Paolo-based team has impressed many of Brazil’s top companies with its corporate lending, derivatives and investment banking solutions that leverage the Canadian bank’s global network.
Starting in April 2023, the Bank extended its innovative equities brokerage service into Brazil, so that the country’s institutional investor community, including investment funds, can take advantage of the Bank’s global, next generation, multi-asset electronic trading platform known as ScotiaRED.
“Our equity brokerage solution provides some key benefits to investment funds, including the proven efficiency of the algorithms applied through our order execution system and the quality of research and client service,” points out Michel Frankfurt, Scotiabank’s Director, Brokerage House in Brazil. He notes that ScotiaRED is top-rated for its capabilities, including tests by the Algorithmic Wheel on behalf of the largest global quantitative investment funds.
“We also stand out for our exceptional in-house research capabilities, particularly in the commodities sectors, ranging from oil and metals in Canada, Brazil and other global markets, which Scotiabank analysts aggregate into value-added commentary for clients,” notes Frankfurt.
Rodrigo Almeida Sergio, Scotiabank Brazil’s Brokerage House Chief Operating Officer, also highlights the team’s commitment to client service, by which brokerage professionals are poised to support clients, from registration through trade settlement, “With our dedicated, agile local team, we can respond to client requirements practically in real-time.”
Beyond immediate trading requirements, Frankfurt and Almeida Sergio describe how the brokerage service can catalyze new opportunities for Brazilian funds to connect with foreign investors, and access potential partnership opportunities with Canadian and global counterparties who are increasingly enthusiastic about Brazilian ventures.
Scotiabank’s new brokerage offering is just the latest step to bring innovative wholesale banking solutions to Brazilian corporate and investment clients, to help them grow, gain new efficiencies and access promising opportunities from across the globe.
