TORONTO, Oct. 23 /CNW/ - Scotia Capital's securities lending team has
been ranked number one in the world for service during the recent credit
crisis in the 2008 global Equity Lending Survey by isf Magazine.
    "It is an honour to be recognized by isf Magazine for the hard work put
in by all the staff in securities lending to ensure that we offered the
highest level of support to our clients around the globe through the difficult
credit market," said Jim Buckley, Managing Director and Head of Global Equity
Finance, Scotia Capital. "This is the first time that we have appeared in
these rankings and it is a tribute to the support that all levels of senior
management have given to the securities lending team over the last five
years."
    In addition to the number one ranking, Scotia Capital's securities
lending team was ranked second best borrower in the Americas and third for
consistency in the approach to pricing.
    In the Equity Lending Survey the industry's borrowers rank their
counterparties, the lenders and vice versa according to specific service
categories. It is the only true benchmark of how the borrowers and lenders are
servicing each other.
    Over the past 5 years, Scotia Capital has invested significant resources
to building its prime brokerage and equity finance business both throughout
the NAFTA region and globally. The investment includes upgrades in technology
as well as improvements in the level of service provided to clients, managing
counterparty risk and building out services internationally.
    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. 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
www.scotiabank.com.