MEDIA RELEASE PR39590
Scotiabank Launches Two New Gold Products During Canada Finance Minister Jim Flaherty's
Visit to India
MUMBAI and TORONTO, May 18 /CNW-AsiaNet/ --
ScotiaMocatta, the precious metals division of the Scotiabank Group, today launched two new
products during Canada Finance Minister Jim Flaherty's tour of its Mumbai office. Mr. Flaherty took part
in a ceremonial ribbon cutting commemorating the ScotiaMocatta 10-gram gold round bar, and the
Scotiabank 141-gram (five-ounce) silver round bar.
"ScotiaMocatta has distinguished itself since 1671 by building
long-standing relationships based on its firm commitment to meeting to the
needs of every client," said Barry Wainstein, Vice-Chairman and Deputy Head,
Global Capital Markets, and Global Head, Foreign Exchange and Precious Metals.
"ScotiaMocatta has developed a solid reputation for providing exceptional
service, constant liquidity and competitive pricing. This client-focused
operating philosophy is a cornerstone of our business."
With more than 150 professionals and 12 offices around the world,
ScotiaMocatta offers bullion, coins, Scotia bar products or certificates, all
ScotiaMocatta also provides hedging and financing products and services. In
Canada, ScotiaMocatta products may be accessed through Scotiabank's branch
network and online through the ScotiaMocatta Precious Metals eStore at
"It is an honor and a pleasure to meet Minister Flaherty and have this
opportunity to showcase Scotiabank as an example of how successful Canadian
companies are abroad," said Munish Sapra, Vice-President and Country Head,
India. Scotiabank has operated in India since 1984 and now has five branches,
offering corporate and commercial services, as well as some retail banking
products.
ScotiaMocatta, the precious metals division of the Scotiabank Group, is a
global leader in precious metals trading and finance, with roots dating back
to 1671. ScotiaMocatta is the Chairman of the London Silver Fixing, Member and
past Chair of the benchmark London Gold Fixing, and a leading market-maker
with operations worldwide. ScotiaMocatta serves a diverse clientele of
producers and consumers of bullion across a variety of industries. For more
Scotia Capital is the wholesale banking arm of the Scotiabank Group,
offering a wide variety of products to corporate, government and institutional
clients. Scotia Capital provides full-service coverage across the NAFTA
region, and also serves selected niche markets globally through two divisions,
Global Capital Markets and Global Corporate and Investment Banking. Scotia
Capital has 28 offices and more than 300 relationship managers organized
around industry specialties. For more information, please visit
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With close to 68,000 employees, Scotiabank
Group and its affiliates serve approximately 14.6 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 more than $507 billion in assets (as at January 31, 2010), Scotiabank
trades on the Toronto (BNS) and New York Exchanges (BNS). For more information
SOURCE: Scotiabank
CONTACT:
Joe Konecny,
Public Affairs,
at +1 (416) 933-1795,
or joe_konecny(at)scotiacapital.com
(BNS. BNS)
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