TORONTO, Sept. 1 /CNW/ - Scotia Capital today announced the expansion of
its Global Equity Finance Group's U.S. stock lending business through the
addition of agent lending. The expansion complements Scotia Capital's recent
successful launch of principal lending platforms in the UK and Asia.
"The Global Equity Finance Group continues to explore opportunities to
broaden our stock lending mandate and remain competitive in key geographies,"
said Patrick Burke, Managing Director and Head of Institutional Equities,
Scotia Capital. "Increased client demand for counterparty diversification
throughout the recent credit crisis and Scotia Capital's strong reputation on
the street, have brought significant growth potential for our participation in
the U.S. market."
The new members of the Global Equity Finance Group include:
- Gary Rupert, Managing Director, who is a registered General Principal
with the National Association of Securities Dealers (NASD), will lead
the team in the U.S.;
- Daniel Murphy, Managing Director, brings over 25 years of investment
- Armeet Sandhu, Managing Director, with over 15 years financial
services industry experience;
- Keith Peckholdt, Director, who is a registered General Principal with
NASD and has over 25 years experience in the capital markets; and
- Eugene Picone, Director, with over 25 years securities lending
experience both in the U.S. and internationally.
"The addition of agency services as part of our prime brokerage offering
secures a strong foothold for Scotia Capital and our Equities business," said
Patrick Burke. "This group has a successful track record of developing a solid
agency franchise and we are confident these individuals will make a positive
contribution to our team."
As part of the Scotiabank Group, Scotia Capital is the wholesale banking
arm of the Scotiabank Group, offering a wide variety of products to corporate,
government and institutional clients. Scotia Capital provides full-service
coverage across the NAFTA region, and also serves selected niche markets
globally through two divisions, Global Capital Markets and Global Corporate
and Investment Banking. Scotia Capital has 28 offices and more than 300
relationship managers organized around industry specialties. For more
information, please visit www.scotiacapital.com.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With close to 69,000 employees, Scotiabank
Group and its affiliates serve approximately 12.8 million customers in some 50
countries around the world. Scotiabank offers a diverse range of products and
services including personal, commercial, corporate and investment banking.
With more than $485 billion in assets (as at July 31, 2009), Scotiabank trades
on the Toronto (BNS) and New York Exchanges (BNS). For more information please
For further information:
For further information: Joe Konecny, Public Affairs, at (416) 933-1795,