TORONTO, Nov. 14, 2012 /CNW/ - Scotiabank today announced that
ScotiaMocatta, the bank's precious and base metals division, was
acknowledged for outstanding performance and contribution to the gold
export trade. The Gem and Jewelry Export Promotion Council (GJEPC)
award was presented for the fifth time in recent history to Scotiabank
on October 8, 2012 during a ceremony held in New Delhi, India.
"Scotiabank is honored to accept the Gem and Jewelry Export Promotion
Council's acknowledgement and we look forward to continuing to meet the
needs of our customers," said Barry Wainstein, Scotiabank's
Vice-Chairman and Deputy Head, Global Capital Markets and Global Head,
Foreign Exchange and Precious Metals. "Scotiabank distinguishes itself
by building on the long-standing relationships we have with our clients
around the world. This client-focused operating philosophy is a
cornerstone of our business."
The GJEPC acknowledgement recognizes Scotiabank's track record for a
consistently high level of customer service for jewelry manufacturers
in the export sector. Scotiabank has set up 10 bonded vaults in various
Indian cities, providing unique products and services to manufacturers
and exporters. For the period April 2011 to March 2012, Scotiabank
imported and supplied 16 tons of gold to exporters in India.
GJEPC is an all-India apex body for gems and jewelry representing about
6,000 members across India. Set up in 1966, it operates under the
supervision of the Government of India's Ministry of Commerce and
Scotiabank is a global leader in metals trading and finance, with roots
dating back to 1671. The Bank is Chairman of the London Silver Fixing,
the longest tenured member of the London Gold Fixing, and a leading
market-maker with operations worldwide. Scotiabank serves a diverse
clientele of producers and consumers of precious and base metals across
a variety of industries.
Scotiabank's Global Banking and Markets division provides corporate and
investment banking and capital markets products and services to
corporate, institutional and government clients across the globe. The
Bank has over 30 Global Banking and Markets offices around the world
and more than 300 relationship managers, organized around industry
specialties. For more information, please visit www.gbm.scotiabank.com.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 81,000 employees,
Scotiabank and its affiliates serve some 19 million customers in more
than 55 countries around the world. Scotiabank offers a broad range of
products and services including personal, commercial, corporate and
investment banking. With assets of $670 billion (as at July 31, 2012),
Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS).
For more information please visit www.scotiabank.com.
For further information:
Devinder Lamsar, Scotiabank Media Communications
(416) 933-1171, email@example.com.