Opportunities NB (ONB) has identified financial services and financial technology as a priority sector to pursue for economic growth. Financial Services is an employment-intensive sector: it is estimated that every 500 additional jobs in this sector will boost provincial GDP by $30 million and Government of New Brunswick tax revenue by $3 million.
Last spring, ONB and TD announced the creation of a new business services centre in Moncton that will create up to 575 customer service jobs.
Building on that foundation, TD will create a new Finance Operations centre in Greater Moncton that will create up to 440 high-skill finance jobs over seven years, with investment from ONB. With the new business services and Finance Operations centres, TD is creating a total of more than 1,000 jobs in New Brunswick.
Frank McKenna, TD Deputy Chair and former Premier of New Brunswick, was in Moncton on April 19 as part of the announcement of this new centre. ONB spoke with Mr. McKenna ahead of the event to learn more.
ONB: Why has TD chosen New Brunswick for this new Finance Operations centre?
McKenna: We were drawn to Greater Moncton, New Brunswick for the Finance Operations centre because it’s a thriving and central region with access to a pool of talent across the Maritimes. We’re looking forward to tapping into the professional workforce and post-secondary graduates to create high caliber and skilled employment opportunities.
How important is this announcement for New Brunswick? What impact do you think this will have on the province over the coming years?
New Brunswickers care a lot about economic growth for their province and it’s clear it’s a top priority for their government as well. And thanks to our great partnership with Opportunities NB and the government of New Brunswick, TD will be creating up to 440 highly skilled jobs in Greater Moncton over the next few years for our new Finance Operations Centre.
And we’re thrilled to be expanding our footprint in Atlantic Canada and supporting the Greater Moncton community. We announced a new business service centre last year, creating 575 new customer service-focused jobs, and we have an existing TD Insurance business in Saint John that employs over 700 people – growing our presence and jobs now to almost 2,000 people!
What does it mean to you, on a more personal level, to help contribute to the continued economic growth of the province?
As a former Premier, New Brunswick will always hold a special place in my heart and my heart will always be in New Brunswick. Not only do I have strong roots in the region, but the province itself also plays an integral role in Canada and I’m committed to continuing to bring greater prosperity to New Brunswickers.
I’ve said it before, Greater Moncton is a thriving and central region, and a talent draw for the Maritimes. It also has a strong workforce and a welcoming business climate. My commitment is strong, which is why I’m so happy to be bringing more great TD jobs to the province.
Finally, can you touch on the relationship between TD and ONB?
TD and ONB have a great relationship and have worked hard together to bring over 1,000 jobs to the region with these 440 new Finance Operations jobs and the 575 customer service-focused jobs we announced last May.
We couldn’t bring these great jobs to New Brunswick without support from ONB and the government of New Brunswick. We’re proud to work together as we continue to support economic growth for the good people of New Brunswick.
Looking to join financial services leaders like TD, Tangerine, CIBC, and the Royal Bank of Canada in New Brunswick? Click here to connect with an ONB Business Development Executive.
Written by Jason Boies