When global financial services companies choose Nova Scotia, they aren’t hoping for the best—it’s no gamble. After due diligence, the numbers simply add up. It just makes financial sense to call Nova Scotia home.
Nova Scotia is a leading hub for financial services, attracting global companies with its skilled talent, business-friendly environment, and strategic location. As one of North America’s most cost-effective cities for financial services operations, some of the biggest names in banking, insurance, shared services, securities, mutual funds, asset management, and fintech have a presence here. Since our strategic time zone ensures seamless global connectivity, this an ideal location for financial services operations and R&D.
The financial capital of Atlantic Canada
As the most central point between the Americas and Europe, Nova Scotia offers several significant strategic and financial advantages that continue to attract top-tier international financial services and insurance firms. Establishing world-class middle/back office and shared services operations for both captive and outsourcing clients has allowed these firms to expand their global footprint.
A history of financial innovation
Three of Canada's largest banks—CIBC, Bank of Nova Scotia, and Royal Bank of Canada—were founded in Halifax, Nova Scotia, centuries ago. Today, the best financial and tech talent come together in Nova Scotia, making the province a premier destination for fintech businesses and experts. Business functions include regional headquarters, mid-back office operations, technology and innovation, centres of excellence, and global shared services.
The workforce you need
The province offers a robust talent pipeline from local universities and colleges, fostering expertise in technology, finance, and customer service. Here, your company will be able to tap into a skilled workforce that has been built by some of the most innovative technology and financial firms in the world.
FIGURES AND FACTS
Fast Facts
- Home to over 81,000 business related occupation
- Home to five of the world's top hedge fund administrators
- Third lowest operating cost in Canada for financial services operation
- Financial communication is via world-class, secure fibre optic network & gigabit connections
Nova Scotia Advantages
The benefits of establishing a financial services company in Nova Scotia include:
- Cost savings of over 50% to operate a fund administration operation over top North American city centres
- Access to an educated, skilled and accessible workforce
- World class infrastructure
- A strategic, nearshore location to the Americas and Europe
- Incentives to support business growth
- Innovative partnerships between post-secondary schools, industry and government
- Unbeatable quality of life
