TD closes acquisition of Greystone Capital Management

TD Bank has completed its buy of Greystone Capital Management, a deal that was first announced in July.

The acquisition, which includes institutional investment manager Greystone Managed Investments, makes TD Asset Management the largest money manager in the country, a release says. As of Sept. 30, Greystone Managed Investments had more than $35 billion in AUM, allocated to fixed income; Canadian, U.S. and international equities; and real estate, mortgages and infrastructure.

Going forward, Greystone will operate as TD Greystone Asset Management and maintain offices in Regina, Winnipeg, Toronto and Hong Kong.

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