Rampart Securities Inc. has signed a formal agreement with Desjardins Securities Inc. to transfer approximately 7,400 client accounts at Rampart’s Toronto office to Desjardins.

The process of transferring the accounts to Desjardins will commence immediately under the supervision of PricewaterhouseCoopers LLP, the monitor appointed by the Investment Dealers Association and the Ontario Securities Commission.

In late August, Rampart had signed a letter of intent with Desjardins to sell the accounts and all of the fixed assets located at its 55 University Avenue office.

With total assets of $80 billion and more than 36,000 employees, the Mouvement des caisses Desjardins is Quebec’s largest financial institution and private employer.