Toronto Financial Services Alliance applauds government decision to create Centre of Excellence in Financial Education



    TORONTO, March 26 /CNW/ - The Toronto Financial Services Alliance (TFSA)
welcomes today's announcement that the Ontario government will invest
$4 million to create a Centre of Excellence for Education in Financial
Services.
    "We are pleased that Minister Duncan has recognized how vitally important
this sector is to the future of Ontario, and that he is willing at this time
to invest in growing the sector," said Janet Ecker, President, TFSA. "We
applaud his leadership in making this project happen and his commitment to the
sector."
    In international rankings, Toronto ranks among the highest in the world
for the quality of its financial services workforce and Toronto has a growing
international reputation for the quality of the business education provided by
its seven post-secondary institutions. The Centre of Excellence will work to
harness these strengths and leverage them, in order to attract, develop and
retain the best and the brightest talent for the sector. A TFSA-commissioned
report by Deloitte last year, entitled Talent Matters, had recommended the
creation of the Centre of Excellence.
    More than 210,000 people are directly employed by financial services
companies in the Toronto region, and many more business professionals - in
accounting, law and information & communications technology - are employed to
support the sector. Toronto is the third largest financial services centre in
North America, and continues to attract international financial institutions
to establish operations here.
    Final details of the Centre are being worked out between the Ministry of
Training, Colleges and Universities and TFSA and its industry and education
partners.

    About the TFSA:

    The Toronto Financial Services Alliance is a public/private initiative
whose mandate is to enhance and promote the long-term competitiveness of
Toronto as a premier North American financial services centre. Its membership
encompasses core financial services companies - banks, brokerages, investment
fund managers, insurance companies - as well as partner sectors - accounting,
law and education. The TFSA was created in 2001 by the financial services
industry, in partnership with the City of Toronto and with the support of the
federal and provincial governments. For more information, please check our
Website at www.tfsa.ca.





For further information:

For further information: Janet Ecker, tel. (416) 599-2121, x.226


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