Scotiabank Named to Best Employers in Canada List for the Seventh Consecutive
Year

TORONTO, Oct. 28 /CNW/ - Scotiabank is very proud once again to have been named one of the Best Employers in Canada, based on a national survey conducted by Aon Hewitt and published in Maclean's magazine.  Scotiabank ranked 23 out of 50 organizations named to the list.

"We have long recognized the link between a highly engaged workforce and our business results and are very proud that with significant input from our employees, we have once again been selected as one of the country's best employers," said Sylvia Chrominska, Group Head, Global Human Resources and Communications. "Every day in branches and offices across this country Scotiabank employees work very hard to serve our customers and our communities in a way that emphasizes mutual respect, collaboration and teamwork. This award, and the many other accolades we have received worldwide, underscores our commitment to being a global employer of choice."

The annual Best Employers list measures engagement and is the only national survey determined primarily by employees. Each year, Aon Hewitt, the human capital consulting and outsourcing solutions business of Aon Corporation, surveys employees, executives and Human Resources professionals to determine the top companies in Canada.

"Scotiabank clearly understands the benefits that come from having high employee engagement, including increased customer satisfaction," said Neil Crawford, Best Employers in Canada Study Leader, Aon Hewitt. "Creating a positive work experience for its employees helps to ensure that Scotiabank's customers receive the best service."    

Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With close to 70,000 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 $523 billion in assets (as at July 31, 2010), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

For further information:

Deborah_Clark, Scotiabank Media Communications, 416-933-0646, [email protected]