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UPDATED ON: Tuesday, February 08, 2005

Scotiabank:

Gregory Rudka,
Vice-Chairman and Industry Head, Consumer Products

From The Globe and Mail

Scotiabank is pleased to announce the following appointments in Scotia Capital.

Stephen MacCulloch
Vice-Chairman and
Regional Head,
Quebec

Stephen MacCulloch is appointed to the position of Vice-Chairman and Regional Head, Quebec, Scotia Capital. In this position, Mr. MacCulloch is responsible for a number of important corporate client relationships in Quebec along with general oversight of Scotia Capitalís Quebec-based activities.

Mr. MacCulloch joined Scotia Capital in 1998 as a Managing Director and became Head of Scotia Capital, Quebec Region in 2000. He has 18 years experience in all areas of wholesale banking. Mr. MacCulloch holds a B.A. (Economics) from University of Western Ontario. He serves on the Montreal General Hospital Corporation Board of Directors and is a member of campaign committees for The Arthritis Society - Quebec Region, Fondation Ressources Jeunesse, and Centraide of Greater Montreal.

Gregory Rudka
Vice-Chairman and
Industry Head,
Consumer Products

Gregory Rudka is appointed to the position of Vice-Chairman and Industry Head, Consumer Products, Scotia Capital. In this position, Mr. Rudka is responsible for coverage of major Canadian clients in the consumer products industry.

Prior to joining Scotia Capital in 1996, Mr. Rudka worked for Salomon Brothers Inc. first in New York and then in Toronto. Prior to entering the investment banking industry, Mr. Rudka practiced securities law in Toronto with a predecessor of Davies Ward Phillips & Vineberg LLP. He holds an MBA from the University of Chicago, a Bachelor of Laws from the University of Toronto and a B.A. (Economics) from York University.

Barry Wainstein
Vice-Chairman,
Head of Foreign Exchange &
Precious Metals

Barry Wainstein is appointed to the position of Vice-Chairman, Head of Foreign Exchange & Precious Metals, Scotia Capital. In this position, Mr. Wainstein is responsible for the global activities of Scotia Capital in the foreign exchange and precious metals product lines.

Mr. Wainstein joined Scotiabank in 1995 and most recently was Managing Director, responsible for global foreign exchange and precious metals (under the ScotiaMocatta brand), trading and sales. He was also the regional coordinator for all global trading products in the U.S. and Head of Domestic Money Market. Prior to joining Scotia Capital, Mr. Wainstein held a series of senior foreign exchange positions at a number of banks in Toronto and New York. He holds a BSc and MBA from the University of Witwatesrand in Johannesburg. He is a member of the Canadian Foreign Exchange Committee and the European Central Bankís Foreign Exchange Contact Group.

Kevin Ray
Vice-Chairman,
Deputy Head of U.S. Corporate

Kevin Ray is appointed to the position of Vice-Chairman, Deputy Head of U.S. Corporate, Scotia Capital. In this position, Mr. Ray has overall responsibility for client relationship management activities in a number of industry groupings, along with responsibility for the development and execution of certain credit-based products.

Mr. Ray joined Scotiabank in 1980. During the 1990ís, he served as the Bankís most senior officer in Europe while he was Head of European Operations based in London. Before going to London, Mr. Ray worked for Scotiabank in New York in the corporate banking, structured finance and syndications areas. He holds an MBA from McGill University and a Bachelor of Arts from Middlebury College.

Scotia Capital is the global corporate and investment banking division of Scotiabank, 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 $279 billion in assets (as at October 31, 2004), Scotiabank trades on the Toronto (BNS) and New York (BNS) Stock Exchanges. For more information please visit www.scotiabank.com.

 

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