Bank of Nova Scotia's (BNS.TO) 36 percent stake in asset manager CI Financial (CIX.TO) is a "work in progress", the bank's chief financial officer said on Wednesday, hinting it might consider selling the stake. Speaking at the Morgan Stanley Financials Conference in New York the day after Scotiabank closed its acquisition of CI rival DundeeWealth, CFO Luc Vanneste gave little insight into the bank's plans for CI, apart from saying it was committed to building up its wealth management operations. "At this point we are still holding our investment in CI and we'll see what happens over a period of time," he said.
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