In 2020, Canadian multinational Scotiabank, announced that it would provide 15 new scholarships to UWI students per year for the next five years. The announcement was made on January 22 by Brendan King, Senior Vice President at Scotiabank International Banking at a visit to The UWI. King said the company was continuing on as title sponsor of The UWI Toronto Benefit Gala and increasing its annual support for student scholarships to CAD$75,000 a year.
Mr King visited The UWI's Mona and St. Augustine Campuses, and met with Chancellor of The UWI, Mr Robert Bermudez, Pro Vice-Chancellor and Campus Principal at Mona, Professor Dale Webber and St Augustine Campus Principal Professor Brian Copeland, among other senior university executives. He also toured facilities and interacted with some of the past and current beneficiaries of Scotiabank scholarships on both campuses.