Briefly: “Scotia lauded for Caribbean service” and more news

Scotiabank has been named the “Best Consumer Internet Bank” in twenty Caribbean countries by international financial magazine, Global Finance, with its St. Maarten operation named best corporate/institutional internet bank for Latin America.

“Our priority is to maintain this level of world-class service as we continue to develop our Internet services and meet the evolving needs of customers,” said Claude Norfolk, senior vice-president, international banking, Caribbean, Scotiabank.

The Global Finance awards pay tribute to the most successful and innovative online banks throughout the world, and are based on strength of strategy for attracting and servicing online customers, success in getting clients to use web offerings, growth of online customers, scope of product offerings, evidence of tangible benefits gained from Internet initiatives and web site design and functionality.

“In less than a decade, the Internet has transformed the way many consumers and most businesses bank,” says Joseph D. Giarraputo, publisher of Global Finance. “The continuing improvements in Internet offerings represented by this year’s entries show that more significant Internet banking developments are still ahead of us.”

– Steven Lamb

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Mackenzie alters Sentinel Corp. Bond mandate

Mackenzie Financial has announced it is making changes to the investment strategy of Mackenzie Sentinel Corporate Bond Fund.

The fund’s current investment strategy will be modified to allow the manager to invest up to 49% of its assets in foreign securities, up from its current limit of 30%.

The company says the change is being made “to provide the portfolio manager with greater flexibility to pursue investment opportunities for the benefit of investors in the fund”.

– Steven Lamb

(08/27/10)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.