United States, 1st Sep 2023 – NOVAE STONE, a leading asset management company, is pleased to announce its strategic collaboration with Scotiabank, the fourth largest bank in Canada, as the contracted capital regulator. This collaboration marks a significant milestone in NOVAE STONE’s commitment to ensuring the security and integrity of investment funds.
Scotiabank, known as the most important international bank in Canada, boasts an extensive network of branches and offices in over 50 countries. With a workforce of 41,000 dedicated employees, Scotiabank has consistently delivered high-quality service to customers, solidifying its position as one of the most prominent banking institutions in North America.
In the operational realm, NOVAE STONE will benefit from Scotiabank’s adherence to North American accounting regulatory standards. This commitment ensures that each investment fund is allocated exclusively for its intended purpose. Any transfers of company funds to private individuals will only be made through the return of investment funds to investors or after the tax transfer of investment profits. Accountants and banks will play a crucial role in guaranteeing the safety of investment funds for asset management companies through the diligent transfer of funds.
By implementing this standard system, NOVAE STONE aims to establish clear responsibilities and rights for investors, asset management companies, and regulators. The overarching goal is to maximize profitability and secure distributions within the bounds of the legal framework.
“We are thrilled to join forces with Scotiabank, a trusted name in the financial industry,” said Sarah Ross from NOVAE STONE. “This collaboration reaffirms our commitment to the utmost security and transparency in managing investment funds. Our clients can now have even greater confidence in the robust regulatory framework supporting their investments.”
The collaboration between NOVAE STONE and Scotiabank represents a significant step forward in enhancing fund and investment security. Both companies share a vision of delivering exceptional financial services while upholding the highest standards of integrity.
About NOVAE STONE
NOVAE STONE is a leading asset management company dedicated to providing exceptional investment solutions to clients globally. With a commitment to innovation, transparency, and long-term value creation, NOVAE STONE leverages its expertise to deliver superior investment performance and cater to the diverse needs of its investors.
Scotiabank is one of North America’s premier financial institutions, serving customers in Canada and around the world. With a history spanning over 185 years, Scotiabank has grown to become a leading international bank, offering a wide range of financial services and solutions to millions of customers. With its extensive network, Scotiabank remains committed to helping its clients achieve their financial goals.
Organization: Novae Stone Investment
Contact Person: Sarah Ross
Email: [email protected]
Country: United States
Release Id: 0109236015
The post Novae Stone Investment Collaborates with Scotiabank for Fund and Investment Security appeared first on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Finance Wine journalist was involved in the writing and production of this article.