TD Bank Group (TD.TO, TD) said Wednesday that it has completed the acquisition of Epoch Holding Corp. (EPHC) and its wholly-owned subsidiary Epoch Investment Partners, Inc.
he deal was originally announced in December.
With the acquisition, TD expects to add about US$25.9 billion in assets under management at closing to the C$211 billion already under management by TD Asset Management. Epoch will continue to operate and serve its clients under its current brand name and operating structure.
TD expects the acquisition to have minimal impact on its earnings in fiscal 2013 and to be accretive in fiscal 2014.
At closing, TD's Basel III Common Equity Tier 1 ratio is expected to decrease by approximately 25 basis points on a pro forma basis as at TD's last quarter ending January 31, 2013 as a result of the deal.
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