It didn’t take long for TD Bank to begin delivering new business to Greystone in Regina.
TD bought the Regina-based money manager last year for more than three-quarters of a billion dollars, a figure that reflects Greystone’s impressive stature in the national money management field.
The Regina firm will assume responsibility for managing TD’s international Stock Fund in mid-April. The mandate was transferred from another of TD’s subsidiaries.
The bank said the Fund will benefit from TD Greystone’s growth-biased equity management style as the Fund will also receive a change in its risk rating to Medium from its previous Medium to High, a further nod to the Regina-based team’s track record as its investment strategy will not be changing. Only the management team will be new.
The Greystone team has a reputation for being able to identify companies that will deliver sustained earnings growth and, according to the CEO of the bank’s investment arm, the move is designed to “leverage TD Greystone’s investment process.”