FIS acquisition of Platform Securities completed
TD Bank Group has completed the sale of TD Wealth Institutional.
TD said in a statement that FIS has acquired TD Wealth Institutional Holdings (UK) Limited, which is the holding company of TD Wealth Institutional.
TD Wealth Institutional is a trading name of TDWCS LLP, which will be rebranding to Platform Securities LLP.
FIS, which first announced its intention to purchase in May 2013, serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Florida, it employs more than 35,000 people worldwide and offers payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions.
TD Wealth Institutional provides outsourced clearing and settlement services. It was part of the Canadian TD Bank Group, which employs 85,000 employees in offices around the world.
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