Toronto-Dominion picks Dublin for its new trading hub

Toronto-Dominion Bank has picked Dublin for its new trading hub inside the European Union in preparation for Britain’s departure from the economic bloc.

Bloomberg News reports that the bank’s TD Securities unit plans to establish a bond-trading business there, subject to regulatory approval, according to a statement on the Irish development agency’s website Tuesday.

The unit of Canada’s largest lender by assets already has a fully licensed operation in the Irish capital, with two employees, and plans to have as many as 10 in the city by January, the bank said. The firm currently has 300 staff in London.

Dublin is the second most popular destination - after Frankfurt - for financial-services companies seeking ongoing access.

Hit the link below to access the complete Bloomberg News article:

TD Picks Dublin for Bond Trading Hub in Brexit Shift

Paris or Frankfurt? BofA Executives Debate Trading Hub Location

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News