Toronto Dominion Shifts Australian FX To Sydney And Plans Expansion

BANKS

Toronto Dominion (TD) Bank is moving its Australian-based foreign exchange operation from Melbourne to Sydney and is looking to hire FX traders and marketers for the new dealing room, officials say.

The move comes as a result of TD's recent acquisition of an Australian bond team from Citibank six weeks ago, say officials.

The Canadian bank is transferring its derivatives, funding and foreign exchange dealing room to Sydney, which should eventually grow to a 15-strong operation, says Rob Burg