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Slide #15. National Bank — TD Waterhouse Institutional Services' Business
National Bank (TSE:NA.CA)
TD Waterhouse Institutional Services' Business
Following receipt of all required regulatory approvals, National Bank of Canada ("National Bank" or the "Bank") (TSX: NA) today announced the completion of its acquisition of TD's institutional services business known as TD Waterhouse Institutional Services (TDWIS). This business will be integrated into National Bank's Correspondent Network ("NBCN"), which is Canada's largest provider of custodial, trading, clearing, settlement and record keeping services to independent registered portfolio managers and introducing brokers.
National Bank of Canada is a financial institution. Co. has four segments: Personal and Commercial, which comprises the banking, financing, and investing services as well as insurance operations; Wealth Management, which comprises investment solutions, trust services, banking services, lending services and other wealth management solutions; Financial Markets, which encompasses banking services, investment banking services and financial solutions for corporations, public sector organizations, and investors, as well as trading and investment activities for Co.; and U.S. Specialty Finance and International, which encompasses the finance capability provided by Co.'s subsidiary, Credigy Ltd.
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