TD adds euro SSA and covered bond trading — primary push to follow?
TD Securities has hired a trader to cover the euro SSA and covered bond markets, adding euro capacity to a bank that has focused mainly on dollars and other currencies so far. But SSA bankers warned that if the firm plans to break into the euro primary market, it could face a tough time.
Ed Tyler, most recently of Mizuho, started work at TD Securities two weeks ago. He reports to Giles Hough, head of G7 rates trading. He had been at Mizuho since September 2013, having moved from RBC Capital Markets.
Tyler is TD Securities’ only trader of euro SSA
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