Derek Holt Joins Scotia Capital as Vice-President Economics

    TORONTO, March 19 /CNW/ - Scotiabank today announced that Derek Holt is
joining the Scotia Capital trading desk as Vice-President, Economics.
    "Derek Holt is a highly respected analyst and advisor with extensive
background and expertise in the financial services industry," said Warren
Jestin, Senior Vice-President and Chief Economist, Scotiabank. "He is an
exceptional addition to our Scotia Capital economics team."
    Mr. Holt, who studied economics, finance and business administration at
York University and the University of Toronto, joins Scotiabank after a
lengthy stay at another Canadian financial institution. A Chartered Financial
Analyst (CFA) and experienced economics advisor, he will focus on fixed income
and equity markets at Scotia Capital, while also providing financial markets
forecasting and institutional-side analysis.

    Scotia Economics provides clients with in-depth research into the factors
shaping the outlook for Canada and the global economy, including macroeconomic
developments, currency and capital market trends, commodity and industry
performance, as well as monetary, fiscal and public policy issues.

    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, through two
divisions: Global Capital Markets and Global Corporate and Investment Banking.
Scotia Capital has 18 offices and more than 300 relationship managers
organized around industry specialties.

For further information:

For further information: Frank Switzer at (416) 866-7238, or at

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