TD Securities (No. 39 on the Fair360, formerly DiversityInc Top 50 Companies list) completed on January 3 the previously announced acquisition ofAlbert Fried& Company (AF&Co), which advances its U.S growth strategy.
“We are pleased to successfully complete this transaction,” saidGlenn Gibson, SVP & Vice Chair, TD Securities U.S. “The acquisition of AF&Co’s services and capabilities will expand our offering, strengthen our U.S. business and accelerate our growth.”
The purchase of AF&Co’s services and capabilities includes self-clearing, securities lending and a prime brokerage technology platform in its final stages of development. TD Securities plans to complete the technology platform development with the aim to be fully operational in the prime brokerage business in 2017.
For additional details on the acquisition please refer to TD’sSeptember 13, 2016press release, which is available ontd.com.
