Scotiabank partners with Nch'ḵay̓ Development Limited Partnership, Des Nedhe Financial LP and Chippewas of Rama First Nation to establish a new investment dealer in Canada
The proposed investment dealer, to be named Cedar Leaf Capital Inc. ("Cedar Leaf Capital"), will be majority-owned by three Indigenous shareholders: Nch'ḵay̓ Development Limited Partnership, Des Nedhe Financial LP and Chippewas of Rama First Nation and controlled initially by Scotiabank.
- The proposed investment dealer, to be named Cedar Leaf Capital Inc. ("Cedar Leaf Capital"), will be majority-owned by three Indigenous shareholders: Nch'ḵay̓ Development Limited Partnership, Des Nedhe Financial LP and Chippewas of Rama First Nation and controlled initially by Scotiabank.
- Subject to regulatory approval, Cedar Leaf Capital will be the first-to-market majority Indigenous-owned investment dealer in Canada.
- Until such time, the firm's operations will leverage Scotiabank's infrastructure and core enterprise frameworks as it develops its self-sustaining operations.
- As the first Indigenous owned and led investment dealer in Canada, Cedar Leaf Capital's objectives will extend beyond those of a traditional market intermediary.