Phil Thomas

Phil Thomas

executive Canada

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.

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Canada Canada: 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. 6

The Globe and Mail: Canadian bankers worry retail customers could be hardest hit by tariffs

Canada Canada: Phil Thomas is the chief risk officer at Scotiabank who discussed the bank's provisions for credit losses during a conference call. 7

The Globe and Mail: Scotiabank and BMO plan for tariff hits to Canada’s economy as a potential trade war escalates tensions with U.S.