TORONTO, Nov. 7, 2019 /CNW/ - TD Bank Group
(TD) announced today that TD Auto Finance has become a fully
integrated national auto group within TD Business Banking.
Effective November 1, 2019, auto
accounts from TD Commercial Banking moved under TD Auto Finance to
provide an elevated level of service and expertise for its auto
clients.
"Our clients were telling us they wanted their account managers
to understand the whole auto picture rather than be focused on just
one component of their business," said Michael McGhee, Senior Vice President, TD Auto
Finance. "By creating specialized centres of excellence we
will be able to offer better advice and faster execution."
TD Auto Finance will bring together all of TD's commercial auto
services under one roof. In addition to its current operating
model, TD Auto Finance has established three new specialized
Commercial Banking Centres in Toronto,
Ontario, Calgary, Alberta
and Montreal, Quebec. There will
continue to be a local presence in many communities across the
country to support auto clients.
About TD Bank Group
The Toronto-Dominion Bank and its
subsidiaries are collectively known as TD Bank Group ("TD" or the
"Bank"). TD is the fifth largest bank in North America by
branches and serves over 26 million customers in three key
businesses operating in a number of locations in financial centres
around the globe: Canadian Retail, including TD Canada Trust, TD
Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD
Insurance; U.S. Retail, including TD Bank, America's Most
Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an
investment in TD Ameritrade; and Wholesale Banking, including TD
Securities. TD also ranks among the world's leading online
financial services firms, with more than 13 million active online
and mobile customers. TD had CDN$1.4 trillion in assets
on July 31, 2019. The Toronto-Dominion Bank trades under the
symbol "TD" on the Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group