who owns tangerine

Tangerine is owned by The Bank of Nova Scotia, commonly known as Scotiabank. It operates as a wholly-owned subsidiary of Scotiabank but remains a separate legal entity with its own banking institution number and distinct operations. Tangerine was originally founded as ING DIRECT Canada and was acquired by Scotiabank in 2012, after which it was rebranded as Tangerine starting in 2014.