TD Waterhouse Investor Services (Europe) is acquiring 100% of the share capital of OMX Securities Services, a provider of outsourced clearing and settlement services. As a result of this deal, OMX Securities will rebrand and commence trading as TD Waterhouse Corporate Services (Europe).
Angus Rigby, chief executive of TD Waterhouse, said: “OMX Securities is a natural and perfect fit for us. We have been successfully providing white label solutions for some time and this is an area we are keen to expand. OMX Securities’ knowledge of outsourced solutions is second to none and by integrating their expertise and resources into TD Waterhouse we can establish ourselves as a leader in this market. We are acquiring not just a business, but years of experience and a highly trained and skilled workforce. We are looking to build on that excellent platform, and to give the new TD Waterhouse Corporate Services (Europe) the backing it needs so that together we can deliver on our exciting expansion plans both in the UK and into Europe.”
TD Waterhouse will continue to operate out of its current bases in Manchester and Leeds, while TD Waterhouse Corporate Services (Europe) will continue to operate out of its base in Birmingham.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.