Canadian corporate and investment bank TD Securities has opened its new office in Dublin city centre and said it would increase its workforce from 25 to 80 by the end of the year.

TD Securities has been in Dublin for over 20 years and previously announced its intention to expand in the city. 

As a fully licensed broker-dealer, the company plans to recruit new front office, support and control and technology roles for the Dublin office. 

Headquartered in Toronto, TD Securities provides a range of capital markets products and services to corporate, government and institutional clients.

"With the natural growth of our business in Europe, we need to be where our clients are," said Peter Walker, Vice-Chair and Regional Head for Europe and Asia-Pacific at TD Securities. 

"Our long-standing history in Ireland and Dublin's deep talent pool resulted in the city becoming a critical part of our European strategy," Mr Walker added.

Finance Minister Paschal Donohoe said that TD Securities' decision to expand their operations in Ireland is a further sign of the strength of the global international financial services sector that has been built up here.

"TD Securities has been a part of the Irish financial landscape for over 20 years. It is very encouraging to see the continued expansion of the company in this way and I look forward to witnessing its growth into the future," the Minister added.

IDA Ireland's chief executive Martin Shanahan said the expansion by TD Securities is a major endorsement by a leading global investment bank in Dublin as a location for hiring both highly skilled capital markets and technology professionals.