While TD bank can support non-US growth, U.S. market remains a huge challenge (and untapped opportunity). If Epoch - U.S. can restructure US business and regain independance, it will have fighting chance in domestic (U.S.) market. That opportunity is dwindling due to dynamic demand drivers, static investment offering, and competition. For now, Epoch's best growth opportunities are outside of the US market. I would think twice before joining Epoch in a U.S. client-facing role under current ownership structure.