Nova Scotia Financial Services Key Facts

1. © Nova Scotia Business Inc. 2015
Nova Scotia Financial Services Sector
The Highlights

2. © Nova Scotia Business Inc. 2015
Nova Scotia is a Global Financial
Centre for Shared Services, Middle
and Back Operations.

3. © Nova Scotia Business Inc. 2015
Nova Scotia Business Inc. (NSBI) has
attracted some of the largest financial
services companies in the world
including: Citco Fund Services, Marsh
Captive Solutions, Butterfield
Fulcrum, Castle Hall Alternatives and
Admiral Insurance.

4. © Nova Scotia Business Inc. 2015
The growth of Nova Scotia’s financial
services industry is rooted in the
province’s inherent advantages
including: proximity to major financial
centres like New York and London,
competitive costs, and convenient
time zone with an overlapping work
day with European and North
American markets.

5. © Nova Scotia Business Inc. 2015
Canada has the soundest banking
system in the world according to the
World Economic Forum Global
Competitiveness Report (2011-2012).

6. © Nova Scotia Business Inc. 2015
According to KPMG, Halifax, Nova
Scotia is considered the “fastest
growing hedge fund administration
centre in Canada.”

7. © Nova Scotia Business Inc. 2015
Halifax has one of the highest
concentrations of insurance industry
firms and employment among urban
centres across Canada.

8. © Nova Scotia Business Inc. 2015
The majority of Canada's top
insurance firms are located in Nova
Scotia. This includes Intact Insurance,
Manulife Financial, Royal & Sun
Alliance Insurance Company of
Canada and The Dominion.

9. © Nova Scotia Business Inc. 2015
Nova Scotia’s Hibernia Atlantic has
introduced the Global Financial
Network (GFN), a network specifically
designed to meet two major demands
of the global financial industry —
greater bandwidth capacity and
security.

10. © Nova Scotia Business Inc. 2015
Nova Scotia is Canada’s University
Capital and is home to 10 universities
and 13 community college campuses.

11. © Nova Scotia Business Inc. 2015
Nova Scotia offers several key
advantages including cost-
competitive operating costs, educated
and loyal labour pool, strategic
nearshore location to the US and
Europe, financial incentives, world-
class infrastructure and an
established financial services cluster.

12. © Nova Scotia Business Inc. 2015
Halifax, Nova Scotia’s capital city,
ranked among the TOP 5 of all
Canadian and US cities for lowest
business operating costs in the
International Financial Services sector
according to KPMG Competitive
Alternatives 2012.

13. © Nova Scotia Business Inc. 2015
One of Nova Scotia’s post-secondary
academic institutions, NSCC,
announced the development of a new
Advanced Diploma in Finance which
launched in September 2013. NSCC
actively works with partners in
industry to ensure programs reflect
their workforce needs.

14. © Nova Scotia Business Inc. 2015
In addition to the hedge fund
administration firms, there are a
cluster of companies supporting the
hedge fund industry providing
services such as legal, accounting, due
diligence, risk management and
consulting.