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Nova Scotia, Canada is gaining recognition as a centre for middle and back office work in financial services.
Major players in the global fund administration industry have moved operations to Nova Scotia. These include Citco Fund Services, Butterfield Fulcrum, and Meridian Fund Services. They have joined established local players like Scotiabank.
The province’s high concentration of universities and colleges, a mature financial services and insurance sector combined with an energetic capital city and affordable lifestyle make Nova Scotia a top choice for great talent.
Nova Scotia’s time zone (Eastern Standard Time + 1 hour) gives companies working in the hedge fund administration sector the advantage of time. Offices in Halifax open one hour before the New York Stock Exchange, allowing critical work to be done before the opening bell.
With the addition of cost advantages from payroll costs to facility lease costs, and proximity to key North American and European markets – Nova Scotia, Canada is a great choice for companies looking to expand or relocate their middle and back office operations.