Scotiabank Announces Two New Appointments in Growing Wealth Management Unit



    TORONTO, June 4 /CNW/ - Scotiabank Executive Vice-President of Wealth
Management Barb Mason has announced two additional senior appointments to
enhance the Bank's Wealth Management division and accelerate growth in its
asset management business.
    Glen Gowland has assumed the role of Managing Director and Head, Scotia
Mutual Funds, and President and CEO, Scotia Securities. Mr. Gowland started
his career at Scotiabank seven years ago as Vice-President of Sales and
Marketing for Scotia Securities, moving on to District Vice-President for
Toronto Centre, and most recently was Managing Director of Business
Development, Wealth Management. Prior to joining Scotiabank, Mr. Gowland was
Head of National Sales and Marketing for a Canadian mutual fund company.
    "Glen brings tremendous skill and expertise with him in his new role at
Scotia Securities," said Ms. Mason. "He has an important role to play in
continuing to build on the success that our mutual fund team has already
achieved through very close work with the Domestic Branch network, Scotia
Cassels Investment Counsel, Scotia Private Client Group and ScotiaMcLeod."
    Neil MacDonald has joined Mr. Gowland's team in the role of Managing
Director, Mutual Fund Products. Mr. MacDonald brings with him over 10 years of
asset management experience as a provider of investment management advice and
financial solutions.
    "We are pleased to welcome Neil to Scotiabank," adds Ms. Mason. "Neil has
extensive knowledge of investment management strategies and mutual fund
products and he is a great addition to Scotiabank's Wealth Management team.
    "I look forward to working with Glen, Neil and the entire mutual fund
team as we continue to look for new ways to meet client needs," concluded Ms.
Mason.

    Scotia Mutual Funds is a family of 53 no-load mutual funds. Scotia Mutual
Funds are offered by Scotia Securities Inc., a corporate entity separate from,
although wholly owned by, The Bank of Nova Scotia. More information about
Scotia Mutual Funds is available at www.scotiabank.com, in Scotiabank branches
across Canada, or by calling 1 800 268-9269, 416 750-3863 in Toronto
(English), or 1 800 387-5004 (French).

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 58,000 employees, Scotiabank
Group and its affiliates serve approximately 12 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 $412 billion in assets (as at May 28, 2007), 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


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