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Scotia Capital acquires part of UBS Energy

Scotia Capital, a subsidiary of Scotiabank, today announced the acquisition of assets and employees from UBS Energy, a unit of UBS AG.

    • Pauline McCallion
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The transaction included trading and analytical technology, as well as approximately 60 front, mid and back office staff, but not UBS Energy's trading books or regulatory licences. The specific details of the deal were not disclosed.

"Energy is a strategic focus for Scotia Capital and of increasing importance to our clients," said Mike Durland, co-chief executive officer of Scotia Capital. "We have longstanding lending relationships in this sector and the acquisition complements our current

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