TD Íø±¬³Ô¹Ï finalises acquisition of AF&Co
04 January 2017 Toronto
Image: Shutterstock
TD Íø±¬³Ô¹Ï has completed its acquisition of securities lending technology platform Albert Fried & Company (AF&Co).
AF&Co's services also include self-clearing and a prime brokerage technology platform that is expected to launch in 2017.
The acquisition began in September 2016 and marks the next step in TD Íø±¬³Ô¹Ï's US growth strategy.
"We are pleased to successfully complete this transaction," said Glenn Gibson, senior vice president & vice chair, TD Íø±¬³Ô¹Ï US.
"The acquisition of AF&Co's services and capabilities will expand our offering, strengthen our US business and accelerate our growth."
AF&Co's services also include self-clearing and a prime brokerage technology platform that is expected to launch in 2017.
The acquisition began in September 2016 and marks the next step in TD Íø±¬³Ô¹Ï's US growth strategy.
"We are pleased to successfully complete this transaction," said Glenn Gibson, senior vice president & vice chair, TD Íø±¬³Ô¹Ï US.
"The acquisition of AF&Co's services and capabilities will expand our offering, strengthen our US business and accelerate our growth."
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