TD Securities has created Global Precious Metals (GPM) business, a wholesale sales and trading business specializing in the gold, silver, platinum and palladium markets.

Operating from centres in Toronto, London and Singapore, Global Precious Metals provides a fully-integrated service to TD Securities’ mining sector clients and is expected to create further synergies between the firm’s investment banking, foreign exchange and equities businesses.

According to the company, a key element of its Global Precious Metals business is metals trading, which will allow the dealer to leverage TD’s established distribution capabilities and benefit from the bank’s high credit rating.

Tim Gardiner will lead the newly launched metals sales and trading business as its managing director.

Gardiner said TD Securities’ GPM business features many positive differentiators, including a strong TD brand and global reputation and excellent relationships within the mining, central bank and hedge fund sectors.

"However, our true competitive advantage is the quality of the people on the desk, who have a deep understanding of the market and are focused on delivering value to the client," Gardiner added.