Scotia Capital Named Best Investment Bank in Canada and Best Globally in Infrastructure



    TORONTO, April 24 /CNW/ - A prestigious financial services publication
has named Scotia Capital the Best Investment Bank in Canada and the Best
Investment Bank globally in the Infrastructure sector. Global Finance will
publish the selections this June in a special edition, World's Best Investment
Banks 2008.
    "We are very pleased to receive these awards from Global Finance because
they underscore the great work done by everyone in Scotia Capital to provide
leading market insight and execution to our clients during difficult market
conditions," said Steve McDonald, Co-Chairman and Co-CEO of Scotia Capital and
Group Head of Global Corporate and Investment Banking. "This is a testament to
our dedication to continue serving clients globally and providing financing to
move deals forward."
    "Global infrastructure financing and advisory continues to be a priority
for Scotia Capital. In 2008, we greatly enhanced our specialized
Infrastructure Finance teams to service clients globally" said Mike Durland,
Co-Chairman and Co-CEO of Scotia Capital and Head of Global Capital Markets.
"Being named the best globally in the Infrastructure sector speaks to the
expertise and experience of our team and the services and solutions we provide
our clients."
    The Global Finance award in infrastructure follows on an earlier success
- three Scotia Capital infrastructure deals were named the "2008 Deal of the
Year" in various categories by Project Finance magazine.
    Global Finance editors, with input from industry experts, used a series
of criteria to arrive at their selections. These included market share, number
and size of deals, service and advice, structuring capabilities, distribution
network, efforts to address market conditions, innovation, pricing, and
after-market performance of underwritings. Deals announced or completed in the
last three quarters of 2008 or the first quarter of 2009 were considered.
    "The Best Investment Bank in Canada award is a reflection of Scotia
Capital's commitment to the investment banking business," said Joseph D.
Giarraputo, Publisher and President of Global Finance. "Not only was Scotia
Capital the leading corporate debt underwriter in Canada in 2008, but it also
led some of the biggest and most complex equity deals in Canada in 2008, in
extremely challenging market conditions. As to the Global Infrastructure
award, we see a huge momentum with the Scotia Capital team - having built a
world-class infrastructure platform, and already delivering complete
integrated solutions and achieving strong results. "
    As a member of the Scotiabank Group, Scotia Capital offers corporate and
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 28 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 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 $509 billion in assets (as at January 31, 2009), Scotiabank
trades on the Toronto (BNS) and New York Exchanges (BNS). For more information
please visit www.scotiabank.com or www.scotiacapital.com.





For further information:

For further information: For media inquiries: Paula Cufre, Scotiabank
Public Affairs, (416) 933-1093, paula_cufre@scotiacapital.com


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