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UPDATED ON: Monday, March 31, 2003


David Wilson,
Vice-Chairman, Scotiabank, and
Chairman and CEO, Scotia Capital

From The Globe and Mail

Scotiabank is pleased to announce expanded responsibilities for the Bank’s two Vice-Chairmen, Mr. Robert Chisholm and Mr. David Wilson.

Mr. Chisholm has been appointed Vice-Chairman, Scotiabank, and President and CEO, Domestic Banking and Wealth Management. In his new position, he will be responsible for bringing together the strengths of Wealth Management and the Domestic Bank and maximizing cross-sell opportunities. Mr. Chisholm joined Scotiabank as a Senior Vice-President and Comptroller in 1986, bringing with him more than a decade of senior level experience in the trust and insurance industry. In 1995 he became Vice-Chairman of Finance and Administration. As CFO, he was actively involved in the acquisitions and operation of both Montreal Trust and National Trust. Most recently, Mr. Chisholm was Vice-Chairman, Domestic Banking. Born in Nova Scotia, he is a chartered accountant, and graduated from the University of Toronto before being awarded an honorary Doctorate of Laws from Assumption University in Windsor in 2000. Mr. Chisholm is also active in the community. He sits on the Board of the Providence Health Centre in Scarborough, and is a former director of the Toronto Mendelssohn Choir and the Toronto Board of Trade.

Mr. Wilson, Vice-Chairman, Scotiabank, and Chairman and CEO, Scotia Capital, will now be responsible for not only all of the Group’s wholesale financial services in Canada, the U.S. and Europe, but also the Bank’s corporate, institutional and government relationships on a global basis. Mr. Wilson will provide leadership in growing the Bank’s wholesale customer base globally, in cooperation with other divisions of the Bank. Mr. Wilson joined the corporate finance department of McLeod Young Weir in 1971, prior to Scotiabank’s acquisition of the investment dealer in 1987. Over the years he assumed increasing responsibilities in postings in Vancouver and Toronto and was subsequently named Managing Director of Corporate Finance in 1989. In 1993, Mr. Wilson was appointed President and Deputy Chief Executive Officer (CEO) of ScotiaMcLeod. Most recently, he was Co-Chairman and Co-CEO of Scotia Capital. A graduate of the University of Toronto and York University, Mr. Wilson holds an M.B.A. and is currently a member of the Board of Directors of Rogers Communications Inc., the University of Toronto Press, and the Board of Trustees of the Art Gallery of Ontario. Mr. Wilson is also a former Chairman of the Investment Dealers Association of Canada and is presently a member of the Five-Year Review Advisory Committee under the Securities Act (Ontario) reporting to the Minister of Finance.

Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With approximately 49,000 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$290 billion in assets (as at January 31, 2003), Scotiabank trades on the Toronto (BNS), New York (BNS) and London (BNV) Stock Exchanges. For more information please visit


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