Phil Thomas
Phil Thomas is the Chief Risk Officer at Scotiabank, where he plays a crucial role in assessing the bank's risk exposure, particularly in the context of economic uncertainties and potential trade disputes. Recently, he provided insights during a conference call about the bank's provisions for credit losses amid rising tariffs and geopolitical tensions affecting the Canadian economy.
Not in the pool (under ¢1).
Recent news mentions
At Scotiabank, chief risk officer Phil Thomas said: 'If I look at where we are now versus where we were last quarter: some big improvements, particularly on the retail side.'
BMO, Scotiabank top earnings forecasts but sound wary note for road ahead
Canada· 2025-08-26
Phil Thomas, chief risk officer at Bank of Nova Scotia, says retail banking customers could take the hardest hit if the United States prolongs its trade war with Canada.
Canadian bankers worry retail customers could be hardest hit by tariffsCanada· 2025-03-05
Phil Thomas is the chief risk officer at Scotiabank who discussed the bank's provisions for credit losses during a conference call.
Scotiabank and BMO plan for tariff hits to Canada’s economy as a potential trade war escalates tensions with U.S.Canada· 2025-02-25
