TD Waterhouse hopes for 20% of Irish broker market

CANADIAN brokerage TD Waterhouse is hopeful of benefiting from the strong reputation its country has established during the current recession, by building up a 20% share of the Irish broker market within the next three years.

The company – the international brokerage subsidiary of leading Canadian banking group TD Bank Financial Group (Toronto Dominion Bank) – yesterday formally launched its new online share trading service for Irish investors.

Although TD’s chief executive Angus Rigby claims consolidation in both the banking and broking sectors in Ireland is inevitable, he said that his company will not be part of the shake-up.