Scotia Capital Mexico Opens New State-of-the-Art Premises



    TORONTO, Sept. 25 /CNW/ - Scotia Capital Mexico today officially unveiled
its new state-of the-art premises in Mexico City, integrating more than 200
staff in one location, including 100 capital markets professionals, in a
40,000 square foot facility located in Scotiabank Plaza, Mexico City.
    "The new premises and trade floor demonstrate our ongoing, long-term
commitment to grow Scotia Capital's operations in Mexico, while enhancing our
commitment to offering the best possible service to clients," said Mike
Durland, Co-Chairman and Co-CEO of Scotia Capital and Head of Global Capital
Markets.
    According to Steve McDonald, Co-Chairman and Co-CEO of Scotia Capital and
Head of Global Corporate and Investment Banking, the investment in the trade
floor strengthens Scotia Capital's service offering in the NAFTA and Latin
American markets. "Our strategy to enhance our Mexico-based trading business
is aligned with the Bank's Latin American focused strategy and will play a
fundamental role in our efforts to strengthen our service offerings in these
markets."
    "Opening this new facility, equipped with the latest technologies,
systems and equipment, allows us to bring together all of Scotia Capital
Mexico City staff in one location that is convenient and accessible for our
people and clients," said Frank Pinon, Chief Operating Officer, Scotia Capital
Mexico. "Scotia Capital Mexico's business and trading operations are integral
parts of Scotiabank's wholesale and capital markets platform."
    In September 2005, Scotiabank Mexico was aligned with Scotia Capital to
establish an integrated NAFTA-wide platform optimizing the delivery of its
capabilities to clients in the region. Multinational corporate, institutional
and government clients benefit from Scotia Capital's seamless approach to
conducting business throughout North America and beyond.
    A subsidiary of Scotiabank, Scotia Capital offers lending, investment
banking and capital markets products to corporate, government and
institutional clients. It provides full-service coverage across the NAFTA
region, as well as a niche focus in select markets globally. Scotia Capital
has 27 offices and more than 300 relationship managers organized around
industry specialties.

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 60,000 employees, Scotiabank
Group and its affiliates serve approximately 12.5 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 $462 billion in assets (as at July 31, 2008), Scotiabank trades on the
Toronto (BNS) and New York Exchanges (BNS). For more information please visit
www.scotiabank.com.





For further information:

For further information: Frank Switzer, Scotiabank Public Affairs, (416)
866-7238 or frank_switzer@scotiacapital.com


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