TD Bank Group has extended its existing agreement with CGI Group to continue processing its mutual fund transactions under a managed services model until as late as 2026.
Under the agreement, CGI will continue to leverage its Wealth360 Investment Funds platform to process TD’s mutual fund transactions while enabling access by TD’s Canadian retail branch network, advisor network and third party distribution channels.
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Paul Orlander, president of TD Mutual Funds, said: "TD is pleased to maintain our long-standing relationship with CGI. CGI consistently meets its service levels in mutual fund transactions processing and is a reliable supplier in supporting our over 1.8 million mutual fund investors."
Jamie Holland, senior vice president of banking and financial markets at CGI in Canada, added: "With 38 years of wealth management experience, CGI is pleased to continue to provide TD with a mutual fund processing service that is efficient, scalable and flexible."
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