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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Toronto-Dominion Bank    TD   CA8911605092

TORONTO-DOMINION BANK (TD)
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Toronto Dominion Bank : TD Opens Cybersecurity Office in Israel

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10/04/2017 | 12:01pm CET

Tel Aviv high-tech and start-up community home to some of the world's top cybersecurity talent

TORONTO, Oct. 4, 2017 /CNW/ - TD Bank Group (TD), today announced, that it will open a cybersecurity office in Tel Aviv, Israel – a first for any Canadian Bank – to tap into one of the world's leading markets for cybersecurity skills and talent. This is another step forward in TD's ongoing efforts to deliver meaningful innovations securely to employees and millions of customers across North America. The new office will support TD's ongoing development of cyber-related technical programs, research and development (R&D) and learning curriculum.

"Customers and employees need to transact with confidence in the digital era," said Colleen Johnston, Group Head, Direct Channels, Technology, Marketing and Corporate & Public Affairs, TD Bank Group. "In Israel, TD will tap into one of the world's deepest pools of talent and know-how in cybersecurity, and further strengthen our ability to build new, secure, applications as we build the bank of the future."

Tel Aviv, among other cities such as Be'er Sheva, Haifa and Jerusalem, has become a global epicentre for cyber-defence technology, processes and systems to both protect and power the next-generation of digital innovation and capability. While global companies – from airlines and manufacturers, to banks and retailers – have set up operations in Israel to leverage the country's growing cybersecurity ecosystem, TD is the first Canadian bank to open a dedicated office in Tel Aviv for this purpose.

As part of TD's cybersecurity vision, the bank is making significant investments to recruit technology and cyber talent. With the Israeli office, TD will now have a more direct line into Israel's cyber and technology talent ecosystem.

"We're on a journey to build an innovation ecosystem within the bank and we need to attract diverse and highly-skilled talent, among them technical cybersecurity professionals," said Jeff Henderson, Executive Vice President & CIO, TD Bank Group. "To fuel our innovation, TD is in search of diverse hot skills and perspectives from a wide range of fields, including cyber."

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 branches and serves more than 25 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 approximately 11.5 million active online and mobile customers. TD had CDN$1.2 trillion in assets on July 31, 2017. The Toronto-Dominion Bank trades

SOURCE TD Bank Group

© Canada Newswire, source Canada Newswire English

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Financials ( CAD)
Sales 2018 36 550 M
EBIT 2018 16 090 M
Net income 2018 10 591 M
Debt 2018 -
Yield 2018 3,54%
P/E ratio 2018 12,41
P/E ratio 2019 11,62
Capi. / Sales 2018 3,62x
Capi. / Sales 2019 3,45x
Capitalization 132 B
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Average target price 77,9  CAD
Spread / Average Target 8,5%
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Bharat B. Masrani Group President, CEO & Non-Independent Director
Brian Michael Levitt Non-Executive Chairman
Riaz E. Ahmed Chief Financial Officer
Michael George Rhodes Group Head-Innovation & Technology
William E. Bennett Independent Director
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