identity for its capital markets business.
Under the new name of Scotia Capital, Scotiabank's global corporate banking products and capabilities have been combined with the corporate finance and investment dealer activities of the bank's Scotia Capital Markets subsidiary.
As part of the reorganization, the $154 million-asset banking company named Barry Luter and David Wilson as co-chairman and co-chief executives. Mr. Luter, 56, had been executive vice president and head of global corporate banking for Scotiabank since 1988. Mr. Wilson had been chairman of Scotia Capital Markets since 1997.
ScotiaMcLeod, which had been the legal name for Scotia Capital Markets, will remain the marketing name for the bank's high-net-worth retail business, which the bank is combining with its wealth management division.
In the United States, the combined investment and corporate bank will be known as Scotia Capital (USA) Inc.
-- Compiled by Laura Mandaro