The recent takeover of an
online banking company is set to have significant benefits for its customers and clients.
Leeds-based
TD Waterhouse has fully acquired the private bank Internaxx, having previously held a 75 per cent stake in the business.
From its base in Luxembourg, Internaxx has provided
online banking services to global customers over the last ten years.
TD Waterhouse, which is one of the UK's largest stockbrokers, now plans to significantly ramp up its online presence as part of the new deal.
Angus Rigby, chief executive of
TD Waterhouse and senior vice-president of TD Group, commented: "Becoming a full owner of Internaxx brings many benefits to our customers, employees and both businesses as a whole."
He added that the acquisition would allow his company to work toward its goal of becoming one of the leading
online banks in Europe.
Robert Glaesener, chief executive of Internaxx Bank, also welcomed the new deal, noting that it would be highly-beneficial to his company and its clients.
TD Waterhouse, which relocated to Yorkshire when it purchased YorkSHARE, was formed in 1997 and now employs some 730 staff across the UK.
