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UPDATED ON: Thursday, January 17, 2008


Phil Armstrong,
Senior Vice-President, Specialty Product Groups, Commercial Banking

From The Globe and Mail

Scotiabank is pleased to announce the appointment of Phil Armstrong to the position of Senior Vice-President, Specialty Product Groups, Commercial Banking. This new position is responsible for leading the Mid-Market Private Equity Sponsorship Group, Agriculture Group and the Bank’s leasing business.

Mr. Armstrong joined Scotiabank in 1978 in International Banking. Most recently he was Vice-President, Credit Solutions where he delivered financial solutions to Commercial Banking clientele. Mr. Armstrong is active in fundraising for United Way and sits on the Board of Directors as Treasurer of the Credit Valley Hospital Foundation.

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 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 $412 billion in assets (as at October 31, 2007), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS).


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