Canadian and International Banking Performance

26 Global Wealth Management 2011 Outlook Chris Hodgson Group Head, Global Wealth Management Scotiabank Global Wealth Management: 2011 Outlook • • . Focus on creating value with Dundee Wealth AUM and net sales ahead of projections Strong markets and sales have created strong AUM/AUA base to drive Wealth platforms $107B in global AUM #2 in mutual fund assets among Canadian banks #1 in industry for mutual fund sales in Q2 Global Insurance outlook is strong New products, increased cross-sell and positive impact of contact centres internationally • Pursue international M&A opportunities • Continue to hold strategically important investment in Cl Scotiabank 13

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