TORONTO, Dec. 31 /CNW/ - Celebrating its fifth year of recognition,
Scotiabank has again been named one of Canada's 50 Best Employers, according
to results published in the January 2009 edition of Report on Business
Magazine and in La Presse. The prestigious annual list, based on a national
survey conducted by Hewitt Associates, placed Scotiabank 20th of 99 eligible
organizations.
    "Being a global employer of choice means being in a place where talented
people want to work and where all employees have the opportunity to thrive in
their careers," said Rick Waugh, President and CEO, Scotiabank. "Scotiabank
has long recognized that our employees are our greatest strength and that is
the reason for our success. Best employers are determined primarily on
employee survey results and as such, we're proud to be recognized as one of
Canada's top employers for the fifth consecutive year."
    "The study measures employee engagement - an employee's degree of
emotional and intellectual commitment to the organization," said Neil
Crawford, Best Employers in Canada Study Leader, Hewitt Associates. "Employees
and leaders complete surveys regarding their perceptions of many aspects of
their work experience. Organizations with the highest employee engagement are
named to the list of the 50 Best Employers in Canada."
    "Our highly engaged workforce feels a strong commitment to Scotiabank and
we understand that strong employment relationships in the workplace are at the
heart of how we do business at the Bank," said Sylvia Chrominska, Scotiabank
Group Head, Global Human Resources and Communications. "This reinforces our
position as a global leader in promoting positive work environments and
recognizes Scotiabank as an employer of choice among Canadians."

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With 69,000 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 $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
www.scotiabank.com.