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UPDATED ON: Thursday, February 19, 2004

Scotiabank:

Stephen McDonald,
Executive Managing Director, Scotia Capital and U.S. Country Head

From The Globe and Mail

Scotiabank is pleased to announce the appointment of Stephen McDonald to the position of Executive Managing Director, Scotia Capital and U.S. Country Head. In his new position, Mr. McDonald will be responsible for Scotia Capital’s corporate lending and relationship management in the United States, as well as managing, developing and expanding the Bank’s presence in that market.

Prior to joining Scotiabank, Mr. McDonald held a number of senior positions at TD Bank Financial Group including Chief Executive Officer, TD Waterhouse Group Inc., and Vice-Chairman, TD Bank. He also played a significant role in TD’s U.S. corporate banking operations.

Mr. McDonald has a Bachelor of Laws and Master of Business Administration degrees from the University of Western Ontario and is a member of the Executive Committee of Western’s Richard Ivey School of Business. He is also a director of Rogers Cable Inc.

Scotiabank is one of North America’s premier financial institutions and Canada’s most international bank. With approximately 48,000 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 C$286 billion in assets (as at October 31, 2003), Scotiabank trades on the Toronto (BNS), New York (BNS) and London (BNV) Stock Exchanges. For more information please visit www.scotiabank.com.

 

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