The MoU aims to bring mutual benefit to both countries financial and related professional services industries enhancing cross-border collaboration and pursuing joint initiatives. It aims to deepen cooperation on key issues for both organisations, including the rapid digitisation of the industry, the growth of FinTech, and the future skills and access to talent needed to support these global trends.

Miles Celic, Chief Executive Officer, TheCityUK, said,

Toronto Finance International is a global leader in promoting sustainability and competitiveness within financial services, and a natural partner for TheCityUK. To ensure the UK’s continued competitiveness and position as a leading centre of global finance, it is vital that we both forge new, and deepen existing relationships, with other centres across the world. Renewing this MoU will help us to encourage greater innovation and ensure ongoing cooperation between the UK and Canada.”

Jennifer Reynolds, President and CEO, Toronto Finance International, said,

We are very pleased to renew our MoU with TheCityUK. The UK remains an important partner for Canada’s financial industry. Combining our mutual expertise and insights, will help to increase our international influence and identify new opportunities for our members. As the industry continues to evolve, areas like FinTech and sustainable finance initiatives present exciting areas for greater international cooperation.”