August 22, 2017 / 1:05 PM / 4 months ago

TD Securities to expand Dublin operations

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

A Toronto-Dominion Bank (TD) sign is seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie - RTX2EC7U

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. bit.ly/2imThTe

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 BARC.L and Bank of America BAC.N, while JPMorgan Chase JPM.N plans to double its workforce in the city.

Reporting by Ahmed Farhatha in Bengaluru; Editing by Sai Sachin Ravikumar

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