What makes Scotiabank Jamaica so good?
published: Friday | May 21, 2004 By Al Edwards, Financial Editor WILLIAM CLARKE took up the position of managing director of Scotiabank Jamaica in 1995. Under his stewardship and in less than ten years he has seen Scotiabank become the pre-eminent banking institution of the country. It was unscathed by the financial sector crisis of the nineties, largely as a result of sticking to core banking practices and remaining resolute in its ethical conduct. So-called liberalisation did not entice it into adopting methods and practices that would see it run aground on rocks of expediency and instant gratification. Speaking at a Mayberry Investor’s forum last month, Mr. Clarke gave an insight into how Scotiabank conducts business and divulged a few secrets of its success. Scotiabank began operations in Jamaica some 115 years ago, coming from the fishing centre of Nova Scotia in Canada. When Scotiabank came to Jamaica, the then Colonial Bank was the Government’s bank of choice. That bank eventual
