TORONTO, Dec. 7, 2020 /CNW/ - In celebration of its
two-year anniversary, The Scotiabank Women Initiative ™ has
launched a new Digital Hub, in collaboration with Shopify, Google
Canada, LinkedIn, Facebook and HubSpot focused on delivering key
resources to help women entrepreneurs adapt to uncertain economic
times.
In addition, The Scotiabank Women Initiative today announced the
expansion of the program into Scotia Wealth Management.
The Scotiabank Women Initiative Expands to Include Financial
Advice for Scotia Wealth Management clients
Recognizing that women have long been underserved by the wealth
management industry, The Scotiabank Women Initiative has expanded
to inspire and empower women to take charge of their financial
futures by offering a newly formed, comprehensive approach to
financial advice and wealth services.
"We understand that women have distinct wealth management
needs," said Erin Griffiths, Senior
Vice President, Client Solutions and Direct Investing at Scotia
Wealth Management. "An overwhelming majority of women investors
want to learn more about investing and consider advice from a
wealth advisor to be helpful for one or more life events, yet only
22 per cent of women have a formal written financial plan prepared
by a professional*. With a dedicated advisory board and expert
consultants, we are building Scotiabank's Total Wealth offering, to
transform the way we serve women clients and inspire and empower
women to take charge of their financial futures."
Progress of the program to date
Launched December 5, 2018, The
Scotiabank Women Initiative is a comprehensive program designed to
support women-owned and women-led businesses in Canada. Since that time, the program has
achieved the following:
- Deployed two-thirds of the three billion
dollars committed to women-owned and women-led businesses in
its first three years.
- Engaged more than 2,000 women entrepreneurs across the country
through over 100 Un-Mentorship Boot Camps™ and Mentorship sessions
that help women increase their business savvy by networking and
exploring business challenges.
- Collaborated with more than 15 organizations including
Disruption Ventures, Forum for Women Entrepreneurs, Réseau des
Femmes d'affaires du Québec and MNP.
In 2019, The Scotiabank Women Initiative expanded into Global
Banking and Markets. This bespoke program for women is designed
using client feedback – from emerging leaders to senior executives
– to support their pursuit of their best professional futures and
to take their careers and businesses even further through exclusive
access to Innovation, Advisory, and Education solutions. In its
inaugural year, the program created a dedicated educational series
designed to facilitate sharing resources and building subject
matter expertise, a tailored good corporate governance program and
support for clients on their Diversity & Inclusion journey –
among other initiatives.
"From the onset, our mission for The Scotiabank Women Initiative
has been to advance women-owned and women-led businesses in
Canada," said Gillian Riley, President and CEO, Tangerine
Bank, and executive sponsor of The Scotiabank Women Initiative. "In
pursuit of that mission, we engaged with women entrepreneurs,
conducted research and collected data to respond more precisely to
the needs of women business owners and leaders. When the pandemic
hit, we knew we had to pivot and so we developed The Digital Hub an
online platform to help them transform and thrive during these
challenging times."
*Source: PMG Intelligence, Women & Investing,
December 2019
The Scotiabank Women Initiative Digital Hub
The Scotiabank Women Initiative Digital Hub, now available at
https://www.scotiabank.com/women-initiative/ca/en/digital-hub.html,
provides articles, stories, templates and training to drive growth
and connection online for women entrepreneurs. In collaboration
with Shopify, Google Canada, Facebook, HubSpot and LinkedIn, the
Digital Hub provides resources to help pivot and grow business
within a new digital ecosystem.
About The Scotiabank Women Initiative
The Scotiabank Women Initiative is a comprehensive program to
help advance women-owned and women-led businesses
across Canada through three key pillars: Access to
Capital, Mentorship and Education. Since launching in December
2018, The Scotiabank Women Initiative has achieved several notable
milestones. In September 2019, the Bank
committed to deploy three billion dollars in
capital to women-led businesses in its first three years. The
program has engaged more than 2,000 women through our Boot
Camps and group mentorship sessions across Canada. We
formed The Scotiabank Women Initiative Advisory Board of
Scotiabank executives, who provide expertise to help women grow
their businesses through facilitated small group mentorship
sessions and we developed an online Knowledge Centre for
self-directed learning. For more information on The Scotiabank
Women Initiative, visit scotiabankwomeninitiative.com.
About Scotiabank
Scotiabank is a leading bank in the
Americas. Guided by our purpose: "for every future", we help our
customers, their families and their communities achieve success
through a broad range of advice, products and services, including
personal and commercial banking, wealth management and private
banking, corporate and investment banking, and capital markets.
With a team of over 90,000 employees and assets of approximately
$1.1 trillion (as at October 31, 2020), Scotiabank trades on the
Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange
(NYSE: BNS). For more information, please visit
http://www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
SOURCE Scotiabank