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UPDATED ON: Wednesday, November 02, 2005

Scotiabank Global Transaction Banking:

Pat Rooney,
Senior Vice-President, Trade Finance, Global Product and Financial Institutions

From The Globe and Mail

Scotiabank is pleased to announce the appointment of an executive team for its new Global Transaction Banking business unit, which is dedicated to delivering on the Bank’s commitment to meet our existing and prospective business clients’ needs on a global basis.

Our ambition is to serve our business clients’ needs worldwide. This new team will carry out the Global Transaction Banking mandate to combine powerful Scotiabank relationship management teams with new, innovative and web-based product solutions.

Our new business unit will integrate the following strategic products on a global basis: Cash Management, Payments, Foreign Exchange, Trade Finance, and Correspondent Banking. We are also integrating our sales and distribution channels for the same products to offer businesses of all sizes the latest innovation in web-based technology and allow customers to more effectively manage their local and multi-country financial requirements. Our dedicated team leverages our entire range of expertise and Scotiabank’s international presence in some 50 countries to deliver integrated global banking solutions both at home and abroad. This “One Team, One Goal” approach to client solutions will allow us to maintain our high service standards for our business customers on a global basis.

Albert E. Wahbe, who most recently served as Executive Vice-President, Global Electronic Banking, will lead the new Global Transaction Banking group as Executive Vice-President and Group Head. Paul LeBlanc, Senior Vice-President of Global Transaction Banking – Sales, leads a specialized sales force focused on delivering solutions in Canada and around the world. Pat Rooney, Senior Vice-President, will lead the Trade Finance, Global Product and Financial Institutions offerings. Bob Grant, Senior Vice-President, Electronic Products and Payments, is responsible for the management and development of integrated product and payment solutions to all business lines.


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