Canada’s largest lender chooses Dublin as its post-Brexit base
Toronto-Dominion Bank, Canada’s largest lender by assets, has confirmed Dublin as its post-Brexit European hub.
The TD Securities arm of the business will establish a bond-trading arm in Dublin, where it already has an office, subject to approval from the Irish Regulator, a statement on the IDA website said today.
TD Securities is part of TD Bank Group, headquartered in Toronto and offering a full range of financial products and services to more than 25 million customers around the world.
Toronto-Dominion bank has approximately 85,000 employees globally.
The bank joins other companies that have decided to expand in Dublin following the Brexit vote, including JP Morgan, Citigroup, Barclays Bank, and Berkshire Hathaway Specialty Insurance Company.
Speaking at the announcement in Toronto, Taoiseach Leo Varadkar TD, said he was delighted to have been involved in discussion with the bank's senior executives on this new investment project.
"This is a great win for Ireland as we seek to deepen and expand the range of Financial Services companies who are investing in Ireland. TD Securities is a major player in world financial markets and I am particularly pleased that they have decided to expand their existing operations in Ireland," Mr Varadkar said.
(Additional reporting by Bloomberg).