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UPDATED ON: Thursday, May 15, 1997


Russell A. Morgan,
Senior Vice-President, Investments

From The Globe and Mail

Scotiabank is pleased to announce the appointment of Russell A. Morgan to the position of Senior Vice-President, Investments. Based in Toronto, Mr. Morgan will be responsible for overseeing the Bank's proprietary bond and equity investment portfolios as well as securities lending.

Mr. Morgan joins the Bank from Scotia Capital Markets, where he was Managing Director and Global Head of Fixed Income. He brings to his new position over 27 years' experience in fixed income trading, sales and management.

Scotiabank is one of North America's premier financial institutions, with more than $168 billion in assets and more than 34,500 employees worldwide. It is also Canada's most international bank, with more than 1,460 branches and offices in 47 countries on five continents. Scotiabank is on the World Wide Web at


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