Commonwealth Securities - Mergers and Acquisitions

Mergers and Acquisitions

CommSec has retained and increased its significant marketshare in retail broking through both CBA's acquisition of other banks and its own acquisition of other broking firms. CommSec now performs broking operations for Colonial First State, TD Waterhouse, AOT, Neville Ward Direct, Auckland Savings Bank (ASB), and IWL (Westpac Broking, Sanford and Avcol). The addition of IWL gave CommSec significant market share in wholesale broking to compliment its existing retail presence.