History
Dominion Securities was established in Toronto in 1901 as Dominion Securities Corporation Limited by George Albertus Cox and Edward Rogers Wood. The firm originally focused on government and municipal bonds but diversified into war bonds during World War I. By the 1950s, it had developed a network with branches in every major city in Canada.
The firm grew through acquisitions and gradually acquired by RBC:
- 1984 acquires Pitfield, Mackay, Ross Limited
- 1988 Royal Bank acquires 67% stake in Dominion Securities
- 1989 acquires Pemberton Willoughby Investment Corporation
- 1996 acquires Richardson Greenshields of Canada Limited
- 1996 RBC acquires 100% stake
- 2001 acquires US-based Dain Rauscher and Tucker Anthony Sutro & Company
Read more about this topic: RBC Dominion Securities
Famous quotes containing the word history:
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—Aldous Huxley (1894–1963)
“When the landscape buckles and jerks around, when a dust column of debris rises from the collapse of a block of buildings on bodies that could have been your own, when the staves of history fall awry and the barrel of time bursts apart, some turn to prayer, some to poetry: words in the memory, a stained book carried close to the body, the notebook scribbled by hand—a center of gravity.”
—Adrienne Rich (b. 1929)
“Modern Western thought will pass into history and be incorporated in it, will have its influence and its place, just as our body will pass into the composition of grass, of sheep, of cutlets, and of men. We do not like that kind of immortality, but what is to be done about it?”
—Alexander Herzen (1812–1870)