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In July 2013, Masrani was named chief operating officer and CEO-designate of TD, and became president and CEO of TD on November 1, 2014 upon Clark's retirement. [2] In 2018, Masrani was the highest-paid Big 5 bank CEO with $15.3 million in total compensation. [15]
TD Bank, N.A. is an American national bank and the United States subsidiary of the Canadian multinational TD Bank Group.It operates primarily across the East Coast, in 15 U.S. states and Washington, D.C. TD Bank is the seventh-largest U.S. bank by deposits and the 10th largest bank in the United States by total assets, resulting from a series of several mergers and acquisitions.
A TD Bank, N.A. branch in New York City. TD Bank expanded into the United States in the early 21st century. In 2004, TD Bank entered the American retail banking market, announcing an agreement to acquire the majority stake of Banknorth, a New England–based bank, for a total of US$3.8 billion. [20]
Clark is credited with turning the TD bank into a North American powerhouse in retail banking while avoiding the problems which hurt other banks in the 2008 financial crisis. On April 3, 2013, Clark announced his intention to retire as president and CEO effective November 1, 2014 at age 67, after 12 years as CEO. [ 6 ]
TD Bank Group on Thursday named Chief Financial Officer Riaz Ahmed chief executive of its securities unit and head of wholesale banking, a move some investors interpreted as a sign he will become ...
A search for his successor took place over the spring and summer. In September 2008, Moglia officially stepped down from his CEO position at TD Ameritrade. Fred Tomczyk, the former COO at TD Bank Financial Group, succeeded him. Not completely leaving the company, Moglia became the new chairman, succeeding J. Joseph Ricketts. It was the first ...
Toronto-Dominion Bank, commonly referred to as TD Bank, pleaded guilty Thursday to violating federal anti-money laundering and bank transparency laws, agreeing to pay more than $3 billion and ...
Harrison left TD to become Manulife's Executive Vice-President and Corporate Controller in 2003. [5] In 2007 she was recognized by the Globe and Mail as one of the 100 Most Powerful Women in Canada. [6]