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UPDATED ON: Thursday, May 23, 2002


Gary W. MacDonald,
Senior Vice-President, Shared Services Centralized Accounting and Administration

From The Globe and Mail

Scotiabank is pleased to announce the appointment of Gary W. MacDonald to the position of Senior Vice-President, Shared Services Centralized Accounting and Administration. In his new position, Mr. MacDonald will be responsible for providing centralized accounting and sales support to domestic branches and alternate sales forces. He will manage more than 1500 employees at 12 sites across Canada.

Mr. MacDonald joined Scotiabank in 1971 in Calgary and has held various senior positions in banking operations. Most recently, he was Vice-President, Banking Operations. Mr. MacDonald is a graduate of the University of Alberta with a Bachelor of Commerce.

Scotiabank is one of North America’s premier financial institutions, with more than $294 billion in assets and approximately 51,000 employees worldwide, including affiliates. It is also Canada’s most international bank with more than 2,000 branches and offices in 50 countries. Scotiabank is on the World Wide Web at


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