B2B Trust
Encyclopedia
B2B Trust is a federally chartered Canadian trust company
that manufactures products for distribution through Independent Financial Advisers. It does not distribute products directly to the public.
acquired North American Trust’s personal and commercial portfolios. Although most activities were merged into the Bank's Retail division, advisor sourced activities did not fit within the Bank's operations so a new division was formed, known as Agency Banking. Four years later, on March 1, 2000, Laurentian Bank purchased Sun Life Trust and merged the business with the Agency Banking division. The resulting organization was renamed B2B Trust in July, 2000.
B2B Trust became public in June, 2001 and was traded on the Toronto Stock Exchange
with the ticker symbol BBT. It was privatized in 2004 and is currently a wholly owned subsidiary of Laurentian Bank of Canada.
On June 18, 2010, Francois Desjardins, President & CEO, B2B Trust and Rejean Robitaille, President and CEO, Laurentian Bank, both accompanied Robert Fotheringham, Senior Vice President, Trading, TMX Group to open the market in celebration of B2B Trust's 10 year anniversary. Also in June of 2010, Francois Desjardins was a named on Canada's Top 40 Under 40 list.
The company’s head office is located in Toronto’s financial district
. It has offices in Halifax, Montreal, Calgary and Vancouver.
Among other channels, B2B Trust's products are distributed through partnerships with investment and segregated fund manufacturers.
(CDIC).
Trust company
A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank, or a law firm, each of which specializes in being a trustee of various kinds of...
that manufactures products for distribution through Independent Financial Advisers. It does not distribute products directly to the public.
History
In 1996, Laurentian Bank of CanadaLaurentian Bank of Canada
The Laurentian Bank of Canada is a Schedule I bank in the province of Quebec. . LBC's Institution Number is 039.-History:...
acquired North American Trust’s personal and commercial portfolios. Although most activities were merged into the Bank's Retail division, advisor sourced activities did not fit within the Bank's operations so a new division was formed, known as Agency Banking. Four years later, on March 1, 2000, Laurentian Bank purchased Sun Life Trust and merged the business with the Agency Banking division. The resulting organization was renamed B2B Trust in July, 2000.
B2B Trust became public in June, 2001 and was traded on the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
with the ticker symbol BBT. It was privatized in 2004 and is currently a wholly owned subsidiary of Laurentian Bank of Canada.
On June 18, 2010, Francois Desjardins, President & CEO, B2B Trust and Rejean Robitaille, President and CEO, Laurentian Bank, both accompanied Robert Fotheringham, Senior Vice President, Trading, TMX Group to open the market in celebration of B2B Trust's 10 year anniversary. Also in June of 2010, Francois Desjardins was a named on Canada's Top 40 Under 40 list.
The company’s head office is located in Toronto’s financial district
Financial District, Toronto
The Financial District is a business district in Toronto, Ontario, Canada, within the downtown core. It was originally planned as New Town in 1796 as an extension of the Town of York . It is the main financial district in Toronto, and is the financial heart of Canada...
. It has offices in Halifax, Montreal, Calgary and Vancouver.
Operations
B2B Trust is a wholesaler of retail banking products and services to financial intermediaries, such as advisors, deposit brokers and mortgage brokers. The company is a third-party supplier of investment and RRSP loans, GICs, personal and small business self-directed accounts, banking services, broker mortgages and credit insurance.Among other channels, B2B Trust's products are distributed through partnerships with investment and segregated fund manufacturers.
Membership
B2B Trust is a registered trust company under the Canada Deposit Insurance Act and is a member of the Canada Deposit Insurance CorporationCanada Deposit Insurance Corporation
-External links:*** Official CDIC site*...
(CDIC).