Scotia Capital Welcomes Cesare Roselli to Expanded Global Fixed Income Team in Europe

LONDON, January 28, 2011 /PRNewswire/ -- Scotia Capital, the wholesale banking arm of Scotiabank, today announced that Cesare Roselli has joined the firm's fixed income team in London as Managing Director and Head of Sovereign, Supranational and Agency (SSA) Origination in Europe.

"Cesare Roselli's strong ties with European public borrowers will be important to build a first-class business franchise," said Greg Greer, Managing Director and Head of Capital Markets, EMEA.

Mr. Roselli holds an MBA from the MIT Sloan School of Management, in Cambridge, a Master in Economics from Bocconi University, in Milan, and a BA in Economics from La Sapienza University, in Rome. He joins the firm after 10 years managing public sector debt and derivatives origination at Morgan Stanley.

"Scotia Capital is focused on the expansion of its Global Fixed Income platform and this demonstrates a commitment to the expansion in Europe," said Mark Caplan, Managing Director and Head of Scotia Capital Europe.

Scotia Capital is the global corporate and investment banking and capital markets division of the Scotiabank Group. We help corporate, institutional and government clients in Canada and around the globe seize opportunities, unlock value, and achieve their financial goals. Scotia Capital has 29 offices and more than 300 relationship managers organized around industry specialties. For more information, please visit http://www.scotiacapital.com.

Scotiabank Group, and its affiliates, has more than 70,000 employees serving some 18.6 million customers in more than 50 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets above $526 billion (as at October 31, 2010), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit http://www.scotiabank.com.

For further information: please contact Joe Konecny, Scotiabank Media Communications, +1(416)933-1795, or joe_konecny@scotiacapital.com.

(BNS. BNS)