ScotiaMocatta Awarded "Best Bullion Bank for 2009" by Bombay Bullion Association



    TORONTO, Sept. 7 /CNW/ - Scotiabank today announced ScotiaMocatta has
been acknowledged as "Best Bullion Bank for 2009" by the Bombay Bullion
Association (BBA), a major hub for gold and silver trading in India.
    "ScotiaMocatta is very honored to accept the Bombay Bullion Association's
acknowledgement and looks forward to continuing to meet the needs of our
customers," said Barry Wainstein, Vice-Chairman and Deputy Head, Global
Capital Markets and Global Head, Foreign Exchange and Precious Metals, Scotia
Capital. "ScotiaMocatta has distinguished itself by building long-standing
relationships with its clients. Through bull and bear markets, we have
maintained our commitment to provide exceptional service, liquidity and
competitive pricing. This client-focused operating philosophy is a cornerstone
of our business."
    The Best Bullion Bank award recognizes ScotiaMocatta's ability to
maintain a high standard of client service, a consistent supply of physical
metals, a broad variety of competitive products and services, and incomparable
expertise in bullion trading. Award recipients are chosen through voting by a
wide spectrum of wholesalers, retail jewelers and manufacturers in
Maharashtra, India's third-largest state by area and second largest by
population.
    ScotiaMocatta, the precious metals division of the Scotiabank Group, is a
global leader in precious metals trading and finance, with roots dating back
to 1671. ScotiaMocatta is the Chairman of the London Silver Fixing, Member and
past Chair of the benchmark London Gold Fixing, and a leading market-maker
with operations worldwide. ScotiaMocatta serves a diverse clientele of
producers and consumers of bullion across a variety of industries. For more
information, please visit www.scotiamocatta.com
    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
visit www.scotiabank.com.





For further information:

For further information: Joe Konecny at (416) 933-1795, or
joe_konecny@scotiacapital.com


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