TD Securities

The principal activity of TD Securities is to provide investment banking, capital markets and transaction banking services to institutional, corporate and government clients worldwide. The company offers a range of products and services, including:

• Investment banking and corporate finance : mergers and acquisitions advisory, capital raising, equity and debt financing.
• Global markets : trading and sales of fixed-income securities, currencies, derivatives, equities and commodities.
• Transaction banking services : treasury management, international payments, trade finance solutions and deposit services.
• Research and strategy : economic analysis, sector studies and investment recommendations.

TD Securities primarily serves large corporations, financial institutions, governments and institutional investors, operating in North American and international markets.

TD Securities is the investment banking and capital markets division of the Toronto-Dominion Bank Group (Toronto-Dominion Bank). Its history is intertwined with that of TD Bank, one of Canada’s largest financial institutions. Here are the key stages of its development:

• Creation and foundation: TD Securities was created to offer investment banking, capital markets, and transaction management services to institutional and corporate clients, leveraging the strength and reputation of TD Bank.
• Product development: The company gradually expanded its offering to include investment banking, global markets (equities, fixed income, currencies, commodities), treasury management, research, and financial strategy.
• International expansion: TD Securities expanded beyond Canada, with offices in North America, Europe, and Asia, in order to serve a global clientele and participate in international financial markets.
• Partnerships and acquisitions: The company strengthened its capabilities through strategic partnerships and acquisitions, notably in the areas of research, capital markets, and specialized services (e.g., acquisition of Cowen to enhance research and sector coverage).
• Recent strategic changes: TD Securities has committed to sustainable finance, technological innovation (e.g., alternative trading platforms, asset tokenization), and the development of ESG solutions, notably with the creation of a carbon advisory practice and investments in conservation projects.
• Community engagement and diversity: The company emphasizes diversity, inclusion, and community engagement through internal initiatives and external partnerships.

Today, TD Securities is recognized as a leader in capital markets and investment banking, with an international presence and a diversified service offering, supported by innovation and social responsibility.

The founder of Toronto-Dominion Bank (TD) comes from the 1955 merger of the Bank of Toronto (founded in 1855) and the Dominion Bank (founded in 1869). TD Securities, the investment banking and capital markets arm, is part of the TD Bank Group.

The main members of the TD Securities leadership team are:

• Riaz Ahmed – President and CEO of TD Securities
• Bob Dorrance – Chairman of TD Securities
• Sharon Kim – Chief Operating Officer
• David Pinsonneault – Executive Vice President, Global Markets
• Jeff Martin – Executive Vice President, Investment Banking
• Mark Chauvin – Chief Risk Officer

These executives oversee the activities of TD Securities within the TD Bank Group, one of the largest financial institutions in Canada.