Former U.K. Cabinet Secretary brings economic and political expertise to TD
TORONTO, June 11, 2012 /PRNewswire/ - TD Bank Group has announced the appointment of Lord Gus O'Donnell as a strategic advisor to Ed Clark, Group President and CEO, and TD's Senior Executive Team.
Lord O'Donnell will provide TD with advice and counsel on a range of economic, government, regulatory and strategic matters, traveling between Canada, the U.S. and the U.K. The appointment is effective June 1, 2012.
"We're very fortunate to have the opportunity to work with Lord O'Donnell and to leverage his experience and capabilities," said Clark. "His insight and influence will help us broaden our reach as we tell the TD story to our stakeholders."
"I look forward to working with TD Bank Group, a leading financial organization which has a reputation for its superior performance, sound business strategy and strong core values," said Lord O'Donnell.
Lord O'Donnell was Cabinet Secretary and Head of the U.K. Civil Service from 2005 to 2011, and served in that role under three British prime ministers. His previous posts include Permanent Secretary at the Treasury; the U.K.'s Executive Director to the International Monetary Fund and the World Bank; and Press Secretary to the Prime Minister. He was knighted in 2005.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD is the sixth largest bank in North America by branches and serves approximately 22 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; Wealth and Insurance, including TD Waterhouse, an investment in TD Ameritrade, and TD Insurance; U.S. Personal and Commercial Banking, including TD Bank, America's Most Convenient Bank, and TD Auto Finance U.S.; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with approximately 8 million online customers. TD had CDN$773 billion in assets on April 30, 2012. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
About TD in Europe
TD Direct Investing (including a joint venture in NatWest Stockbrokers), TD Wealth Institutional and Internaxx Bank are subsidiaries in the TD Bank Group, servicing approximately 200,000 clients with over £14 billion in client assets (stocks and cash) under management.
SOURCE TD BANK GROUP