David Toyne named president of Thomson Financial Canada
04 October 2004 | 537 views | 0
Source: Thomson Financial
Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC; TSX: TOC), and leading provider of financial information and technology solutions to the worldwide financial community, today announced the appointment of David Toyne as President of Thomson Financial Canada.
Toyne joins Thomson Financial from State Street Trust, where he served as President and CEO for Canada. He will report to Lou Eccleston, president, global sales, marketing and services, Thomson Financial.
In his new role, Toyne will drive the planning, strategies, and programs for developing and selling best-in-class financial information and solutions to Thomson Financial's Canadian clients.
This is the latest in a series of announcements that highlight Thomson Financial's continued aggressive and sustained investment in Canada. In April, Thomson Financial announced the acquisition of Starquote market data services from CGI. Starquote is a leader in the Canadian retail equities sector, with terminals in 70% of the Investment Dealers Association (IDA) registered firms. In addition, Thomson Financial recently announced that it will acquire Selkirk Financial Technologies, a global provider of treasury management systems and services, based in Vancouver. Thomson Financial has also announced several new business agreements in 2004 with such clients as Belzberg Technologies Inc., for whom the company will provide access to a comprehensive group of over 30 Canadian brokers and equity markets via the Thomson AutEx Network for electronic order routing and execution reporting.
"Joining a world-class organization such as Thomson Financial is a wonderful opportunity," said David Toyne. "It will be both exciting and gratifying to be able to contribute a broad range of expertise and knowledge in this market in support of Thomson Financial's goal to become the global industry leader," said Toyne.
"David brings to the table an extraordinary amount of knowledge and experience driving business growth in the Canadian marketplace. We're very pleased to be welcoming David to the Thomson Financial team," said Eccleston. "As an organization we are committed to building a truly global business, and Canada is a vital component of that strategy. David is uniquely positioned to help us continue in developing Thomson Financial's presence in this critical and competitive market."
At State Street Trust Company, Toynewas responsible for overall business strategy and execution in the Canadian market. Under Toyne's management, State Street achieved industry leadership in the asset servicing business. Toyne oversaw the growth of the State Street business from 20 to 120 clients (including six of the seven largest Canadian pension plans) with total assets rising from CAD $20 billion in 1992 to CAD $500 billion in 2004.
Prior to joining State Street in 1992, Toyne spent seven years as Director of International Business Development at Royal Trust. He is a graduate of Queen's University where he received his Honours Bachelor of Commerce degree, a fellow at the Institute of Canadian Bankers as well as a member of the Investment Funds Institute of Canada, The Association of Canadian Pension Management and Canadian Pensions and Benefits Institute. David is also a member of the Board of Directors of the Canadian Capital Markets Association (CCMA).