Bank of Nova Scotia’s (TSX:BNS) precious metals trading divisioin, ScotiaMocatta, has hired a base metals team to manage transactions in copper, aluminum, lead, nickel, tin and zinc, the bank said Wednesday.

“Delivering exceptional client services is a cornerstone of our business and ScotiaMocatta is pleased to announce the hiring of a team of base metals experts to continue that tradition,” says Barry Wainstein, vice chairman and deputy head, global capital markets, and global head, foreign exchange and precious metals.

“As our client base continues to grow, our customers are asking us to play a more significant role in base metals as well. The new team has many years of experience and has always been client focused, an approach that reflects ScotiaMocatta’s business philosophy,” Wainstein says.

The new base metals team — with four people in London, four in New York and one in Hong Kong — includes London-based Alistair Watson and New-York-based John Ervasti, both 25-year industry professionals who will join ScotiaMocatta as co-heads of base metals in July

IE