Who are the players?
Canada's top financial services companies are headquartered in the Toronto, Kitchener-Waterloo and London areas of southern Ontario. That's where you'll find TMX Group, RBC Financial Group, Manulife Financial, TD Bank Financial Group, Sun Life Financial, Scotiabank, Bank of Montreal, and CIBC.
The global financial services leaders who've chosen to centre in Ontario include: ING, UBS, HSBC, Allianz, J.P. Morgan, Morgan Stanley, and Citicorp.
Top Five Canadian Insurance Companies: Headquartered in Ontario
Top Five Canadian Banks: Headquartered in Ontario
Over $400 million of hedge fund assets are under administration in Toronto. Seven of the top ten global hedge funds administrators (by AUA) have offices in Toronto:
Outsourcing
Toronto's Symcor Services began in 1996 as a three-way alliance between the Bank of Montreal, Royal Bank and TD Bank. Originally intended to provide economies of scale in item processing and information delivery for the three banks, Symcor has grown to become one of North America's largest generators of bank, investment dealer and mutual fund customer statements and the continent's biggest cheque processor.
Ontario's Global Presence
