Mr. Andrew Phillips reports
TD SECURITIES EXPANDS SUCCESSFUL REAL ESTATE BANKING FRANCHISE IN THE U.S.
Michael Coster, Joe Nellis and the advisory team from Kimberlite Group LLC have joined Toronto-Dominion Bank's TD Securities (USA) LLC. Kimberlite is a strategic real estate advisory and private capital-raising firm based in New York.
"The addition of the Kimberlite team is an exciting opportunity to advance our North American capabilities in real estate investment banking," commented Andrew Phillips, executive managing director and head of real estate at TD Securities. "As TD Securities expands its U.S. presence, Kimberlite's broad network will add value to our existing real estate relationships within TD Securities and TD Bank, America's most convenient bank."
Since 2007, Kimberlite has provided clients with independent strategic advice and skilled execution. This includes representing GE Capital Real Estate in its $23-billion sale to the Blackstone Group in 2015, a complex global transaction, which remains one of the largest real estate transactions ever completed.
"The Kimberlite team is excited to join TD Securities. With a clear growth strategy and complementary cultures, we believe the combined team will make significant strides in advancing TD Securities' real estate investment banking business in North America," commented Kimberlite's co-founder and chief executive officer, Michael Coster.
Today's announcement accelerates the expansion of TD Securities' real estate presence in the United States and its North American growth strategy. It also builds on TD Securities' U.S. product platform and advisory capabilities in specialized sectors, such as energy, power and utilities, technology, media and telecommunications, and autos.
"We are expanding in sectors where we have deep expertise and are committed to the growth of our U.S.-dollar business, while further strengthening our client-centric focus," commented Glenn Gibson, vice-chair and head of U.S. region, TD Securities.
Going forward, the Kimberlite team will operate under the TD Securities brand.
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