Headquartered in Toronto, Ontario, Toronto-Dominion bank caters to more than 24 million customers.
The existence of the company dates back to more than 150 years but TD group as such as founded in 1955, and the company has more than 1200 retail branches across the North American region. A diversified financial services sector company, TD bank group offers a variety of financial products and services.
The company is into three different segments: TD wealth and TD asset Management (in which the company provides specialized services to ultra or high net worth individuals or institutions), Canadian and US Retail (which is the retail banking arm of the company to serve the general customers with personal and business banking operations) and TD Insurance (which includes various products like Auto Insurance, Credit Protection, Health and Life insurance, Home insurance etc).
There is a wholesale banking arm of the company that provides a range of corporate banking, Investment banking and capital markets products and services to its partners and customers. The investment banking and capital markets product group includes financial advisory, trading, facilitation, underwriting and execution services. The equity investment portfolio comprises primarily of investments from private equity. Corporate lending, cash management services and trade finance are included in the corporate banking product group.
With assets under management exceeding more than 944 bn Canadian dollars, the company is set to break the top 50 rank of Forbes Global 2000. According to Financial Post, the company is already one of Canada’s top 10 employers.
Toronto-Dominion Bank’s sales turnover in Canada was 31.42 Billion Canadian dollars in 2015. The company earned 7.8 Billion Canadian dollars profit. All around the world, the company employs more than 80,000 employees.