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UPDATED ON: Tuesday, May 16, 2006


Alberta G. Cefis,
Executive Vice-President and Group Head, Global Transaction Banking

From The Globe and Mail

Scotiabank is pleased to announce the appointment of Alberta G. Cefis to the position of Executive Vice-President and Group Head, Global Transaction Banking. In her new position, Alberta will be responsible for leading the expansion and growth of one of our newest businesses, which provides global business solutions to customers in the corporate, commercial and retail segments. This will also include expanding, growing and integrating our trade finance, payments, ecommerce and e-banking initiatives.

Alberta, who joined Scotiabank in 1999, has more than 25 years in the financial services industry, with experience across a broad array of businesses and functions. Most recently, she was Executive Vice-President, Domestic Personal Lending and Insurance, and President & CEO, Scotia Mortgage Corporation.

For the past three years, Alberta was named to the Top 100 List of Canada’s Most Powerful Women. She was named 2006 recipient of the President’s Award from the Italian Chamber of Commerce of Toronto, which honours individuals for business excellence. Alberta is involved in a number of industry forums and associations, and is a Director of the Boards of both Visa Canada and Visa International. She is also very active on the community front, and is the Chair of the Board of Opera Atelier. She coauthored a book on mortgages, aimed at empowering customers in their decision-making, with all proceeds gifted to Habitat for Humanity. Alberta is multilingual, and graduated from McGill University with a Bachelor of Arts with Joint Honours, and a Master of Business Administration.

Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 50,000 employees, Scotiabank Group and its affiliates serve about 10 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 $ 325 billion in assets (as at January 31, 2006), Scotiabank trades on the Toronto (BNS) and New York (BNS) Stock Exchanges.


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