TORONTO, April 29, 2020 /CNW/ - Scotiabank, in
partnership with the Canadian Medical Association (CMA) and MD
Financial Management Inc. (MD), has committed $4.6 million to further support physicians during
the COVID-19 pandemic.
"Scotiabank has a long and proud tradition of giving back to the
communities in which we live and work. Physicians are courageously
battling this pandemic – we want to help alleviate some of the
stress and pressure they are facing where we can. We are turning to
the guidance of our partners to determine where we can make the
greatest impact," says Glen Gowland,
Group Head, Global Wealth Management at Scotiabank.
"Every day, every story illustrates the resolute dedication of
Canadian physicians overcoming difficult challenges on the front
line. We are proud to support them so they can better focus on
their critical role in helping Canadians," says Daniel Labonté,
President and CEO, MD.
Funds will be distributed to Provincial and Territorial Medical
Associations, National and Provincial Specialty Societies and
Representative Groups – who are best attuned to the most pressing
needs for physicians in their respective areas and fields and where
the funds can have the greatest impact on their health and
well-being.
"COVID-19 is the biggest health crisis of our time and
physicians are leading the public health response and delivering
care under the most challenging circumstances we've known to date.
They need our support and we're pleased to augment the work of our
medical partners to respond to the pandemic," says Dr. Sandy Buchman, CMA President.
Scotiabank, MD and the CMA are dedicated to supporting the
medical profession and advancing health in Canada, having
committed a total of $27 million to
date through this collaboration. This $4.6
million commitment to support physicians follows the recent
sponsorship of the Code Life Ventilator Challenge.
About Affinity Contributions
Scotiabank, MD Financial Management Inc. (MD) and the Canadian
Medical Association (CMA) together are firmly committed to
supporting the medical profession and advancing health in
Canada. As proof of this
commitment, and in collaboration with the CMA and MD, Scotiabank is
investing $115 million over 10 years to support
physicians and the communities they serve across Canada.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future," we help our customers, their
families and their communities achieve success through a broad
range of advice, products and services, including personal and
commercial banking, wealth management and private banking,
corporate and investment banking, and capital markets. With a team
of approximately 100,000 employees and assets
of approximately $1.2
trillion (as at January 31,
2020), Scotiabank trades on the Toronto Stock
Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).
For more information, please
visit http://www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
About the Canadian Medical Association
The Canadian Medical Association is the national voice
of Canada's medical profession. We work with physicians,
residents and medical students on issues that matter to the
profession and the health of Canadians. We advocate for policy and
programs that drive meaningful change for physicians and their
patients.
About MD Financial Management Inc.
With more than 50
years of physician-focused experience, MD Financial Management Inc.
(MD) is dedicated to providing financial peace of mind to
Canada's physicians and their
families, so they can enjoy what matters most to them while
achieving their career and life goals. MD had more than
$45 billion in assets under
management as of March 31, 2020. MD
Management Limited was the first of the MD Group of Companies to be
founded, in 1969. MD Financial Management Inc. wholly owns or has a
majority interest in its seven subsidiaries (the MD Group of
Companies). It provides financial products and services, is the
fund manager for the MD Family of Funds and offers investment
counselling services. For a detailed list of the MD Group of
Companies, visit md.ca.
SOURCE Scotiabank