Thomson Financial Publishing Group, parent of American Banker and Bond Buyer, has acquired Securities Industry Daily from Fiduciary Communications Group.
Securities Industry Daily, a daily publication started in 1989, covers developments in the securities business, with an emphasis on operational aspects. It will become part of Thomson Financial's American Banker Bond Buyer division.
"We expect that the addition of Securities Industry Daily will further strengthen ABBB's position as the leading provider of information to the financial services industry," said David Branch, president of American Banker Bond Buyer.
Robert Apfel, founder of Securities Industry Daily and president of Fiduciary Communications Group, will join American Banker Bond Buyer.
Fiduciary Communications Group is an employee-owned financial information firm. Thomson Financial Publishing is a unit of Thomson Financial Services, which in turn is part of the Toronto-based Thomson Corp.