TD Securities Completes Acquisition of Albert Fried & Company

The purchase of AF&Co's services and capabilities includes self-clearing, securities lending and a prime brokerage technology platform.

TD Securities (No. 39 on the DiversityInc Top 50 Companies list) completed on January 3 the previously announced acquisition of Albert Fried & Company (AF&Co), which advances its U.S growth strategy.

“We are pleased to successfully complete this transaction,” said Glenn 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’s September 13, 2016 press release, which is available on td.com.

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