February 26, 2015 / 9:09 PM / 3 years ago

TD Bank CEO say very happy with stake in TD Ameritrade

TORONTO (Reuters) - Toronto-Dominion Bank is very happy with its stake in discount brokerage TD Ameritrade Holding Corp and views it as a key investment, the Canadian lender’s chief executive said on Thursday.

General view of a TD Bank branch and its drive-thru after the company held its annual general meeting in Calgary, Alberta, April 3, 2014. REUTERS/Todd Korol

“This has been central to our wealth strategy for many many years and it continues to perform well,” Bharat Masrani, TD Bank’s Chief Executive, said on a conference call. “I‘m very happy with our positioning.”

Reporting by Jeffrey Hodgson; Editing by Diane Craft

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