Key Hires Made Across Investment Banking,
Global Markets, and Research
Geoff Bertram and James
Spencer to Co-Lead Global FIG Investment Banking
TORONTO and NEW
YORK, Dec. 4, 2023 /PRNewswire/ - TD Bank
Group (TSX: TD) (NYSE: TD) ("TD") today announced the significant
expansion of its Global Financial Institutions ("FIG") Investment
Banking coverage in the US as well as other product areas,
including Equity Sales, Equity Capital Markets, Debt Capital
Markets, and Equity Research. With these additions, the TD
Securities Global FIG team will offer a full suite of products and
services to a growing group of Financial Institutions
clients.
The expanded Global FIG Investment Banking team will be co-led
by Managing Directors Geoff Bertram
in Toronto and Jim Spencer in New
York. Geoff brings more than 23 years of experience in North
American Capital Markets, including 12 years with TD Securities'
Equity Capital Markets Group. Jim brings more than 25 years of
experience, most recently at Credit Suisse where he was Head of
Americas for the Financial Institutions Group since 2014.
Michael Giudice, Alston Lambert, Arvind
Sriram, David Stolzar,
Eric Tell, and Taryn Widén also join
the Global FIG Investment Banking team.
"We are thrilled to announce our expanded Global FIG business
and the growth of our offerings across North America," said Tim Wiggan, Co-Head of Global Investment Banking
at TD Securities. "Geoff, Jim, and the entire team bring decades of
industry knowledge and deep expertise that will be instrumental in
the group's success."
"The growth of our Global FIG team is a tremendous step for the
combined TD Cowen and TD Securities platforms," said Larry Wieseneck, Co-Head of Global Investment
Banking at TD Securities. "Tim and I are excited to watch the team
continue to build its Financial Institutions business delivering a
full suite of solutions to our clients."
As part of this expansion, TD Securities has also made key hires
across its Global Markets and Research teams. Scott Smith joins as Managing Director, Equity
Sales. Bill Katz, Andrew Kligerman, and Moshe Orenbuch join as Senior Research
Analysts.
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 sixth
largest bank in North America by assets and serves over
27.5 million customers in four key businesses operating in a
number of locations in financial centres around the globe: Canadian
Personal and Commercial Banking, including TD Canada Trust and TD
Auto Finance Canada; U.S. Retail, including TD Bank, America's Most
Convenient Bank®, TD Auto Finance U.S., TD Wealth
(U.S.), and an investment in The Charles Schwab Corporation; Wealth
Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD
Insurance; and Wholesale Banking, including TD Securities and
TD Cowen. TD also ranks among the world's leading online financial
services firms, with more than 16 million active online and mobile
customers. TD had $1.96 trillion in assets
on October 31, 2023. The Toronto-Dominion Bank trades under
the symbol "TD" on the Toronto and New York Stock
Exchanges.
Caution Regarding Forward-Looking Statements
From time to time, the Bank (as defined in this document) makes
written and/or oral forward-looking statements, including in this
document, in other filings with Canadian regulators or the United States (U.S.) Securities and
Exchange Commission (SEC), and in other communications. In
addition, representatives of the Bank may make forward-looking
statements orally to analysts, investors, the media, and others.
All such statements are made pursuant to the "safe harbour"
provisions of, and are intended to be forward-looking statements
under, applicable Canadian and U.S. securities legislation,
including the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements include, but are not limited
to, statements made in this document, the Management's Discussion
and Analysis ("2023 MD&A") in the Bank's 2023 Annual Report
under the heading "Economic Summary and Outlook", under the
headings "Key Priorities for 2024" and "Operating Environment and
Outlook" for the Canadian Personal and Commercial Banking, U.S.
Retail, Wealth Management and Insurance, and Wholesale Banking
segments, and under the heading "2023 Accomplishments and Focus for
2024" for the Corporate segment, and in other statements regarding
the Bank's objectives and priorities for 2024 and beyond and
strategies to achieve them, the regulatory environment in which the
Bank operates, and the Bank's anticipated financial performance.
Forward-looking statements are typically identified by words such
as "will", "would", "should", "believe", "expect", "anticipate",
"intend", "estimate", "plan", "goal", "target", "may", and
"could".
By their very nature, these forward-looking statements require
the Bank to make assumptions and are subject to inherent risks and
uncertainties, general and specific. Especially in light of the
uncertainty related to the physical, financial, economic,
political, and regulatory environments, such risks and
uncertainties – many of which are beyond the Bank's control and the
effects of which can be difficult to predict – may cause actual
results to differ materially from the expectations expressed in the
forward-looking statements. Risk factors that could cause,
individually or in the aggregate, such differences include:
strategic, credit, market (including equity, commodity, foreign
exchange, interest rate, and credit spreads), operational
(including technology, cyber security, and infrastructure), model,
insurance, liquidity, capital adequacy, legal, regulatory
compliance and conduct, reputational, environmental and social, and
other risks. Examples of such risk factors include general business
and economic conditions in the regions in which the Bank operates;
geopolitical risk; inflation, rising rates and recession;
regulatory oversight and compliance risk; the ability of the Bank
to execute on long-term strategies, shorter-term key strategic
priorities, including the successful completion of acquisitions and
dispositions and integration of acquisitions, the ability of the
Bank to achieve its financial or strategic objectives with respect
to its investments, business retention plans, and other strategic
plans; technology and cyber security risk (including cyber-attacks,
data security breaches or technology failures) on the Bank's
technologies, systems and networks, those of the Bank's customers
(including their own devices), and third parties providing services
to the Bank; model risk; fraud activity; the failure
of third parties to comply with their obligations to the Bank or
its affiliates, including relating to the care and control of
information, and other risks arising from the Bank's use of third
parties; the impact of new and changes to, or application of,
current laws, rules and regulations, including without limitation
tax laws, capital guidelines and liquidity regulatory guidance;
increased competition from incumbents and new entrants (including
Fintechs and big technology competitors); shifts in consumer
attitudes and disruptive technology; environmental and social risk
(including climate change); exposure related to significant
litigation and regulatory matters; ability of the Bank to attract,
develop, and retain key talent; changes to the Bank's credit
ratings; changes in foreign exchange rates, interest rates, credit
spreads and equity prices; the interconnectivity of Financial
Institutions including existing and potential international debt
crises; increased funding costs and market volatility due to market
illiquidity and competition for funding; Interbank Offered Rate
(IBOR) transition risk; critical accounting estimates and changes
to accounting standards, policies, and methods used by the Bank;
the economic, financial, and other impacts of pandemics; and the
occurrence of natural and unnatural catastrophic events and claims
resulting from such events. The Bank cautions that the preceding
list is not exhaustive of all possible risk factors and other
factors could also adversely affect the Bank's results. For more
detailed information, please refer to the "Risk Factors and
Management" section of the 2023 MD&A, as may be updated in
subsequently filed quarterly reports to shareholders and news
releases (as applicable) related to any events or transactions
discussed under the heading "Significant and Subsequent Events" in
the relevant MD&A, which applicable releases may be found on
www.td.com. All such factors, as well as other uncertainties and
potential events, and the inherent uncertainty of forward-looking
statements, should be considered carefully when making decisions
with respect to the Bank. The Bank cautions readers not to place
undue reliance on the Bank's forward-looking statements.
Material economic assumptions underlying the forward-looking
statements contained in this document are set out in the 2023
MD&A under the heading "Economic Summary and Outlook", under
the headings "Key Priorities for 2024" and "Operating Environment
and Outlook" for the Canadian Personal and Commercial Banking, U.S.
Retail, Wealth Management and Insurance, and Wholesale Banking
segments, and under the heading "2023 Accomplishments and Focus for
2024" for the Corporate segment, each as may be updated in
subsequently filed quarterly reports to shareholders.
Any forward-looking statements contained in this document
represent the views of management only as of the date hereof and
are presented for the purpose of assisting the Bank's shareholders
and analysts in understanding the Bank's financial position,
objectives and priorities and anticipated financial performance as
at and for the periods ended on the dates presented and may not be
appropriate for other purposes. The Bank does not undertake to
update any forward-looking statements, whether written or oral,
that may be made from time to time by or on its behalf, except as
required under applicable securities legislation.
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SOURCE TD Bank Group