TD to name Cowen leaders as co-heads of markets, investment bank - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 50%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Toronto-Dominion Bank plans to name executives from Cowen co-heads of its global-markets and investment-banking businesses, pairing them up with current company leaders, when it acquires the American firm next year.

Toronto-Dominion Bank plans to name executives from Cowen Inc. co-heads of its global-markets and investment-banking businesses, pairing them up with current company leaders, when it acquires the American firm next year.

Toronto-Dominion CEO Bharat Masrani said last week at a conference that Cowen’s leaders would have a “meaningful and large role” at the bank after the acquisition closes because much of the value of the deal is in the firm’s personnel. The US$1.3 billion Cowen takeover, announced last month, bulks up Toronto-Dominion’s presence in American capital markets, where it has a smaller presence than some rivals.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

$HUGE

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines