Skip to main content

Scotiabank to Launch the ScotiaMocatta eStore in Canada – a New Full-Service Online
Precious Metals Delivery Channel
TORONTO, September 29, 2009 – Scotiabank today announced that it is the first bank in
Canada to launch a full-service online precious metals delivery channel through its
ScotiaMocatta division – a global leader in precious metals trading, financing, and physical
products. Canadians may now browse, purchase and arrange delivery of gold and silver products
online at
“ScotiaMocatta’s online precious metals eStore provides Canadians with an opportunity to
explore the world of precious metals, while also completing purchases in the comfort and
convenience of their homes,” said Rick Waugh, President and Chief Executive Officer,
Scotiabank. “Our new eStore reinforces ScotiaMocatta’s global industry leadership through
innovations that respond to the changing needs and increasing sophistication of our customer
base. This opportunity broadens the range of choices in our wealth management offering to
The ScotiaMocatta eStore is currently accepting orders from within Canada only, and home
delivery of purchases is available to most points across the country. Customers can purchase up
to $6,000 worth of gold and silver per day and pay through the Interac network using Visa,
MasterCard, or debit cards. Precious metals products will continue to be available for purchase
through any Scotiabank branch in Canada. Eventually ScotiaMocatta will expand this service to
include the 50 countries in which Scotiabank operates.
“The ScotiaMocatta eStore, an innovative and secure platform, will supplement our existing
branch network in offering precious metals products to Canadians” said Barry Wainstein, Vice-
Chairman and Deputy Head, Global Capital Markets, and Global Head, Foreign Exchange and
Precious Metals. “This new delivery channel demonstrates our ongoing commitment to
providing exceptional customer service and market-leading products in Canada and around the
All ScotiaMocatta eStore purchases from September 29, 2009 to February 26, 2010 include a
chance to win a one-ounce gold bar. Full contest details are available at
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. It 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 information, please
Scotia Capital is the wholesale banking arm of the Scotiabank Group, offering a wide variety of
products to corporate, government and institutional clients. It 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 69,000 employees, Scotiabank Group and its affiliates serve
approximately 12.8 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 $485 billion in assets (as at July 31, 2009), Scotiabank
trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit
- 30 -
For more information please contact Joe Konecny, Public Affairs, at (416) 933-1795, or
Original Post

Add Reply


Link copied to your clipboard.