Scotia Capital Adds to its Americas Infrastructure Advisory Group

    TORONTO, Sept. 3 /CNW/ - Scotia Capital today announced that it has added
to its Americas Infrastructure Advisory Group by creating a new advisory team
to cover the U.S. and Latin America. This team will strengthen Scotia
Capital's Advisory capabilities in this priority sector and work together with
the already existing advisory team to cover Canada, the U.S. and Latin
    Leading the team as Managing Director, Conor Kelly is well known in the
infrastructure industry and comes with more than 18 years of experience in
advisory and lending. Mr. Kelly will be leading the U.S. and Latin America
Advisory team which will be based out of New York.
    "Scotia Capital has built the Americas Infrastructure Advisory Group to
tap into the significant growth prospects and global nature of this sector,"
said Matt Giffen, Managing Director and Head, Infrastructure and Global Energy
Solutions, Scotia Capital. "Scotia Capital has identified infrastructure as a
key growth sector and the addition of Conor Kelly with his vast experience and
recognized leadership in this area will allow us to take strides into the U.S.
and Latin American markets."
    In July Scotia Capital announced the creation of the Canadian
Infrastructure Advisory team based in Toronto, led by Bert Clark.
    The advisory teams are the hub of the Scotia Capital Infrastructure
platform, connecting geographies and coordinating activities with Scotia
Capital's lending and capital markets teams to provide clients with complete
and seamless infrastructure solutions.

    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 27 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 60,000 employees, Scotiabank
Group and its affiliates serve approximately 12.5 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 $462 billion in assets (as at July 31, 2008), Scotiabank trades on the
Toronto (BNS) and New York Exchanges (BNS). For more information please visit

    Backgrounder on the U.S. and Latin America Advisory team

    Working with Mr. Kelly on the infrastructure advisory team are:

    -  Conor Kelly, Managing Director, joins Scotia Capital with more than 18
       years of experience in advisory and lending. Most recently, Mr. Kelly
       was head of the industry leading infrastructure advisory team.
    -  Joco Augusto Carneiro, Director, will be based in Sco Paulo, Brazil
       and will be instrumental in building Latin American coverage. Mr.
       Carneiro brings more than 12 years of experience in Finance, Mergers
       and Acquisitions, and Equity Investments.
    -  Kevin Healy, Associate Director, has experience working on the largest
       PPP deals done in North America. He holds a Masters in Accounting from
       the Michael Smurfit Graduate School of Business at University College
       in Ireland. He is also a member of the Institute of Chartered
       Accountants in Ireland.
    -  Maria Kang, Managing Director, recently joined Scotia Capital. In her
       most recent post, Ms. Kang worked in the infrastructure finance unit
       for a leading European bank.
    -  Benjamin Lennon, Associate, obtained a Bachelor of Science degree in
       Business Administration from Seton Hall University in New Jersey,
       specializing in Finance. Ben will provide the key financial modeling
       skills required to close large PPP projects.
    -  Jeffrey Mathews, Associate, comes to Scotia Capital with experience as
       an analyst in infrastructure finance for a leading international bank.
    -  Ruth McMorrow, Managing Director, brings with her more than 20 years
       of experience. Ms. McMorrow is a leader in the PPP market with
       excellent track record in closing large transactions such as the
       Indiana Toll Road and Chicago Skyway privatizations.
    -  Yann Megret, Associate Director, recently joined Scotia Capital. In
       his previous role Mr. Megret was part of a market-leading
       infrastructure finance group providing the financial modeling
       expertise in some of North America's largest transactions.
    -  Antoine Reze, Associate Director, brings with him experience as an
       infrastructure finance analyst. Mr. Reze obtained his Masters degree
       in Management, specializing in Corporate Finance from the CERAM
       Sophia-Antipolis European School of Business in France.
    -  Michael Uhouse, Managing Director, has extensive experience in
       infrastructure advisory, having worked on some of North America's
       leading P3 projects including the Capital Beltway financing and the
       Pocahontas Parkway in Virginia.

For further information:

For further information: Frank Switzer, Scotiabank Public Affairs, (416)

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