The Toronto-Dominion Bank (TD) has completed the acquisition of Epoch Investment Partners, Inc. (Epoch), which was first announced in December last year.
With the transaction, TD expects to add roughly US$25.9 billion in assets under management (as of Feb. 28, 2013) to its CDN$211 billion (as of Jan. 31, 2013) already under management by TD Asset Management (TDAM).
The acquisition will provide TDAM’s institutional business with stronger active U.S. and global equities capabilities, as well as create a broader base for its U.S. business.
Founded in 2004 and headquartered in New York City, Epoch has roughly 65 employees, and its asset management team has an average of more than 20 years of investment management experience. Epoch will continue to operate and serve its clients under its current brand name and operating structure.