TORONTO, Sept. 30, 2013 /CNW/ - Scotia Asset Management L.P. announces that, effective today, it has changed its name to 1832 Asset Management L.P. ("1832"). The new name captures the spirit of Scotiabank's history, as 1832 is the year when the Bank was founded. This change is the first step towards creating a single legal entity that will house Scotiabank's distinct asset management businesses, including ScotiaFunds.

About 1832
1832 Asset Management L.P. is a limited partnership the general partner of which is wholly owned by Scotiabank and is a manager of mutual funds and investment solutions for private clients, institutional clients and managed asset programs.

About Scotiabank
Scotiabank is a leading multinational financial services provider and Canada's most international bank. With more than 83,000 employees, Scotiabank and its affiliates serve some 21 million customers in more than 55 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. In December 2012, Scotiabank became the first Canadian bank to be named Global Bank of the Year and Bank of the Year in the Americas by The Banker magazine, a Financial Times publication. With assets of $743 billion (as at July 31, 2013), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

SOURCE Scotiabank