* Rates desk in London continues international push
* Bank emerged from financial crisis in good shape
* Rival RBC also pushing UK presence
TORONTO, Nov 5 (Reuters) - Bank of Nova Scotia
The bank, which recently signaled it wants to expand its Scotia Capital wholesale banking arm into new regions, said the platform will add to its distribution capability, as well as other brokerage initiatives.
The move follows Scotiabank's designation as a primary dealer in Germany and France earlier this year and in the United Kingdom starting next week. The bank also has applications for primary dealer status underway in other jurisdictions, it said.
"Scotiabank and its fixed income business have fared well through extreme market turbulence in recent years, and we are now well positioned to expand Scotia Capital's fixed income franchise by developing a long-term, top-tier presence in the European fixed income markets," Mike Durland, group head of global capital markets, said in a statement.
Scotiabank, like Canada's other lenders, emerged from the financial crisis in a stronger position than many international banks due to their conservative lending practices.
Now, with the industry rebounding, Scotiabank and some of its domestic rivals are pushing to build share in foreign markets.
The country's biggest bank, Royal Bank of Canada
Scotiabank also said on Friday it is working to roll out U.S. dollar fixed income products.
Scotiabank's shares were flat at C$54.50 on the Toronto Stock Exchange.
($1=$1.00 Canadian) (Reporting by Cameron French; editing by Rob Wilson)