TD Securities is a Canadian multinational investment bank and

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

provider that offers advisory and capital market services to corporate, government, and institutional clients worldwide. The firm provides services in corporate and

investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

, capital markets, and global transaction services. TD Securities operates across North America, Europe, and Asia-Pacific. Key areas of business include managing

corporate finance Corporate finance is an area of finance that deals with the sources of funding, and the capital structure of businesses, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analy ...

and lending, merger and acquisitions strategic advisory services, market risk management, debt and equity securities, derivative products, daily trading and investment, and multiple other areas of finance. An important segment is the trading of

fixed income Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. For example, the borrower may have to pay interest at a fixed rate once a year and repay the pr ...

and equity products, currencies, commodities and derivatives in major financial markets around the world. It is the investment bank of

Toronto-Dominion Bank Toronto-Dominion Bank (), doing business as TD Bank Group (), is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank was created on February 1, 1955, through the merger of the Bank of ...

Group, and has offices in 40 cities worldwide with over 6,500 professionals.

Competition

TD Securities faces competition from full-service global investment banks such as

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...

and the

Royal Bank of Canada Royal Bank of Canada (RBC; ) is a Canadian multinational Financial institution, financial services company and the Big Five (banks), largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than ...

, equivalent branches of other financial conglomerates such as BMO Capital Markets and

CIBC World Markets CIBC Capital Markets is the investment banking subsidiary of the Canadian Imperial Bank of Commerce. The firm operates as an investment bank both in Canadian and global equity and debt capital markets. The firm provides a variety of financial se ...

, and other independent investment banks and large cap advisory firms.

List of investment banks The following list catalogues the largest, most profitable, and otherwise notable investment banks. This list of investment banks notes full-service banks, financial conglomerates, independent investment banks, private placement firms and not ...

Acquisitions

TD Securities has expanded its operations through several strategic acquisitions over the years. Notable acquisitions include: * Cowen Inc. (2023): In March 2023, TD Securities completed the acquisition of Cowen Inc., a U.S.-based investment bank for approximately $1.3 billion. The acquisition integrated Cowen's investment banking services, global research capabilities, and U.S. equities platform. * Headlands Tech Global Markets LLC (2021): In July 2021, TD Securities acquired Headlands Tech Global Markets LLC, a Chicago-based electronic bond trading platform. The acquisition bolstered TD Securities' fixed-income trading capabilities through advanced quantitative trading technologies. * Newcrest Capital (2000): In 2000, TD Securities acquired Newcrest Capital, a Canadian investment bank. The acquisition helped expand TD Securities' investment banking and capital markets presence in Canada.

References

{{Online brokerages Financial services companies established in 1987 Banks established in 1987 Stock brokerages and investment banks of Canada