Scotia Capital has been named the best investment bank in Canada and the best investment bank globally in the infrastructure sector by the publication Global Finance.

Part of Bank of Nova Scotia, Scotia Capital offers corporate and investment banking and capital markets products to corporate, government and
institutional clients.

“We are very pleased to receive these awards from Global Finance because they underscore the great work done by everyone in Scotia Capital to provide leading market insight and execution to our clients during difficult market conditions,” says Steve McDonald, co-chairman and Co-CEO of Scotia Capital and group head of global corporate and investment banking. “This is a testament to our dedication to continue serving clients globally and providing financing to move deals forward.”

“Global infrastructure financing and advisory continues to be a priority for Scotia Capital. In 2008, we greatly enhanced our specialized infrastructure finance teams to service clients globally,” says Mike Durland, co-chairman and co-CEO of Scotia Capital and head of global capital markets.

Global Finance editors, with input from industry experts, used a series of criteria to arrive at their selections. These included market share, number and size of deals, service and advice, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, and after-market performance of underwritings. Deals announced or completed in the last three quarters of 2008 or the first quarter of 2009 were considered.

“The Best Investment Bank in Canada award is a reflection of Scotia Capital’s commitment to the investment banking business,” says Joseph Giarraputo, publisher and president of Global Finance. “Not only was Scotia Capital the leading corporate debt underwriter in Canada in 2008, but it also led some of the biggest and most complex equity deals in Canada in 2008, in extremely challenging market conditions. As to the Global Infrastructure award, we see a huge momentum with the Scotia Capital team — having built a world-class infrastructure platform, and already delivering complete integrated solutions and achieving strong results. “

Global Finance will publish its selections this June in a special edition, World’s Best Investment Banks 2008.

IE