TD Securities finalises acquisition of AF&Co

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TD Securities finalises acquisition of AF&Co
04 January 2017 Toronto
Reporter: Drew Nicol

Image: Shutterstock

TD Securities 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 Securities's US growth strategy.

"We are pleased to successfully complete this transaction," said Glenn Gibson, senior vice president & vice chair, TD Securities 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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