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Based on the most helpful WSO content, there isn't specific information provided about the TD Securities VSDA Group or its recruiting timeline, culture, or deal flow. However, here are some insights related to TD's acquisition of Cowen and general information about TD:

  • TD's Acquisition of Cowen: The acquisition of Cowen by TD is seen as a strategic move to expand TD's investment banking exposure in the U.S. This acquisition is part of TD's effort to grow its footprint in the U.S. market, which is challenging to achieve organically at their size.

  • Impact on Analysts: There are mixed opinions on how such acquisitions might affect incoming analysts. Some comments suggest that incoming Cowen analysts might face uncertainty, while others humorously suggest that analysts might get additional responsibilities or changes in their roles.

  • TD's Strategy: The acquisition aligns with TD's strategy to compete with other Canadian banks for rapid U.S. growth. Large acquisitions like Cowen help TD increase their pace of growth in investment banking and capital markets.

For more detailed and specific information about the VSDA Group, it might be helpful to reach out directly to current or former employees of the group or look for more recent discussions on WSO or other finance forums.

Sources: TD Acquires Cowen, TD Possible Takeover of Cowen, Does anyone have insight into what it is like to recruit from a newer boutique (Liontree, Dyal, M Klein, etc.)?, Thoughts on TD Commercial/TD National Accounts/TD Corporate Credit? (Canada), Insight on Houlihan Lokey's Houston Group?

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Cowen group. Before that the group was a boutique bank called Portico.

 

Why would they need to do this for compliance purposes? Haven’t seen other groups at TD do this.

 

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