Scotiabank Drops 348-Year-Old Mocatta Name in Metals Unit Revamp

Name is history as ScotiaMocatta absorbed into capital markets
Commodities team ‘reaffirms’ metals commitment with hires

Gold bars on display during the inauguration of the ScotiaMocatta eStore in 2009.Photographer: Norm Betts/Bloomberg

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By Doug Alexander

January 17, 2019 at 10:00 AM UTC

This article is for subscribers only.

ScotiaMocatta is no more, at least in name.

Bank of Nova Scotia is dropping the “Mocatta” moniker from its metals-trading business, shedding the last vestiges of a firm dating back nearly 350 years as the Canadian owner absorbs the platform into its capital-markets division.