Scotia Capital Creates Global Infrastructure Finance Group

    TORONTO, Jan. 12 /CNW/ - Scotia Capital today announced the creation of
the Global Infrastructure Finance group. This newly created business unit
combines Scotia Capital's existing Infrastructure Advisory, Capital Markets
and Lending groups into a single business unit providing full-service coverage
for Canada, the United States and Latin America.
    Leading the Global Infrastructure Finance group are Co-Heads Matt Giffen,
who will continue to oversee the infrastructure advisory and capital markets
team and Brian Maloney, who will be primarily responsible for the
infrastructure lending team.
    "Combining Infrastructure Advisory, Capital Markets and Infrastructure
Finance into a cohesive team will enable us to achieve greater operational
effectiveness with a more competitive platform," said Matt Giffen, Managing
Director and Co-Head, Global Infrastructure Finance, Scotia Capital. "It also
allows us to provide a seamless infrastructure platform to our clients."

    Scotia Capital's new Global Infrastructure Finance group will enable the
firm to:

    -  Provide both clients and Scotia Capital with valuable insights to the
       global infrastructure market;
    -  Serve clients more effectively with a seamless infrastructure platform
       and a unified approach to offering comprehensive financial solutions;
    -  Enhance the client-centric approach for global clients that operate in
       multiple jurisdictions, requiring multiple services.

    "The infrastructure advisory, capital markets and finance teams have
always strived to improve the level of service we provide to our global
clients," said Brian Maloney, Managing Director and Co-Head, Global
Infrastructure Finance, Scotia Capital. "We believe this new integrated
approach to providing expertise and financing will continue to enhance our
service levels."
    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 28 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 69,000 employees, the
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 $508 billion in assets (as at October 31, 2008), Scotiabank
trades on the Toronto (BNS) and New York Exchanges (BNS). For more information
please visit or

For further information:

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

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