TD Securities Monday announced the creation of its global precious metals (GPM) business, a wholesale sales and trading business specializing in the gold, silver, platinum and palladium markets.

Operating from centres in Toronto, London and Singapore, Global Precious Metals provides a fully integrated service to TD Securities’ mining sector clients and creates further synergies between the firm’s investment banking, foreign exchange and equities businesses.

“This is a natural compliment to our mining investment banking franchise,” said Patrick Meneley, vice chair, investment banking at TD Securities, in a release. “By adding this sales and trading expertise, we are further enhancing our client experience.”

A key element of TD Securities’ GPM business is metals trading, which allows the dealer to leverage TD’s established distribution capabilities and benefit from the bank’s high credit rating. Led by Tim Gardiner, managing director, global precious metals, the 24-hour metals sales and trading business is staffed by personnel with global experience in metals options and derivatives trading.