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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—Henry David Thoreau (1817–1862)
“A country grows in history not only because of the heroism of its troops on the field of battle, it grows also when it turns to justice and to right for the conservation of its interests.”
—Aristide Briand (1862–1932)
“What has history to do with me? Mine is the first and only world! I want to report how I find the world. What others have told me about the world is a very small and incidental part of my experience. I have to judge the world, to measure things.”
—Ludwig Wittgenstein (1889–1951)