August 22, 2017 / 1:02 PM / 2 years ago

Canada's TD Securities to expand Dublin operations

Aug 22 (Reuters) - TD Securities, the investment banking arm of Toronto-Dominion Bank Group, said on Tuesday it would expand operations in Dublin to bolster its European business in response to uncertainty triggered by Brexit.

The expansion will give the company the flexibility to serve clients after Britain exits the European Union, TD Securities said, adding that it plans to open a bond trading business in the Irish capital.

Dublin, along with Frankfurt, is emerging on top in the battle to draw banking jobs away from London as a result of last year’s Brexit referendum.

Dublin has bagged the planned EU headquarters of Barclays and Bank of America, while JPMorgan Chase plans to double its workforce in the city. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Sai Sachin Ravikumar)

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