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UPDATED ON: Thursday, September 22, 2005


Sarabjit (Sabi) S. Marwah,
Vice-Chairman and Chief Administrative Officer

From The Globe and Mail

Scotiabank is pleased to announce the appointment of Sarabjit (Sabi) S. Marwah to the position of Vice-Chairman and Chief Administrative Officer. In his new position, Mr. Marwah will be responsible for Information Technology (Scotia intek), Shared Services, and Integrated Support Services, including Wholesale Banking Operations, Securities Operations and the Technology Application Group. He will continue to be responsible for Finance, Audit, General Counsel and Real Estate.

Mr. Marwah joined the Bank’s Finance Department in 1979. Over the years, he has held several senior positions within the Finance Department, including Deputy Comptroller, General Manager, Senior Vice-President and Comptroller, and Executive Vice-President. Most recently, Mr. Marwah was appointed Chief Financial Officer in 1998 and Senior Executive Vice- President in 2002. He holds a B.A. (Honours) and Masters in Economics, and an MBA (Finance) from the University of California (UCLA). Mr. Marwah is a member of the Board of Directors of several Scotiabank subsidiaries, Torstar Corporation and Humber River Regional Hospital.

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 $318 billion in assets (as at July 31, 2005), Scotiabank trades on the Toronto (BNS) and New York (BNS) Stock Exchanges. For more information please visit


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