The deal is the latest in a string of recent acquisitions that have placed TD Waterhouse (UK) on the global online brokerage market, as it builds on its international presence through strategic acquisitions and organic growth.
In the course of the next few weeks, E*Trade Securities (UK) will invite approximately 24,000 active UK customer’s accounts holding GBP467m in assets to transfer to the TD Waterhouse (UK) platform.
Angus Rigby, CEO of TD Waterhouse (UK), said: “Our long-term strategy is to strengthen our UK business and expand our services further into Europe, while continuing to offer a superior customer service. The additional customers and assets this deal brings will cement our position as the leader in the UK online brokerage space.
“We are very experienced in this type of acquisition and as such, we will ensure no customers are adversely impacted as migration takes place and all customers continue to benefit from our award winning products and services.”
