Market Overview

TD Auto Finance to Create Centres of Excellence


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

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