Profile: Quant boss touts benefits of tech team merger

TD Securities says combining teams has allowed rapid rollout of platform for risk and P&L management

Team merger
Sankovich is full of praise for TD’s unified quant and technology department

Vladimir Sankovich admits to having some misgivings when he was asked to run the quantitative finance group at TD Securities in early 2016. The previous year, TD made the decision to house its quants within the technology department, rather than in its front office or risk management groups.

“It sounded like complete nonsense to me,” says Sankovich, who had previously worked at RBC Capital Markets, Merrill Lynch and Bear Stearns. “Having a fully functional quant team within a technology organis