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Toronto-Dominion Bank T.TD

Alternate Symbol(s):  TDBKF | T.TD.PF.A | T.TD.PF.C | T.TD.PF.D | T.TD.PF.E | TDOMF | T.TD.PF.I | TDOPF | T.TD.PF.J | TDBCP | TD

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank's segments include Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. Its Canadian Personal and Commercial Banking segment offers a full range of financial products and services to approximately 15 million customers in the Bank’s personal and commercial banking businesses in Canada. Its U.S. Retail segment offers a range of financial products and services under the brand TD Bank, America’s Most Convenient Bank. U.S. Retail Segment also TD Auto Finance U.S., TD Wealth (U.S.) business. Wholesale Banking segment operates under the brand name TD Securities, which offers a range of capital markets and corporate and investment banking services to corporate, government, and institutional clients. Its Wealth Management and Insurance segment provides wealth solutions and insurance protection to approximately six million customers in Canada.


TSX:TD - Post by User

Post by Dibah420on Sep 20, 2024 5:34pm
43 Views
Post# 36234034

NA on new CEO

NA on new CEO
National Bank on TD's CEO Succession
MT Newswires - Sep 20, 2024 8:43 AM EDT

08:43 AM EDT, 09/20/2024 (MT Newswires) -- TD announced that current President & CEO, Bharat Masrani, will be retiring effective April 10, 2025. The current head of Canadian Personal Banking, Raymond Chun, will be named COO effective November 1, and will assume the President & CEO role when Masrani retires. TD also announced other management team changes.

National Bank's Gabriel Dechaine believes investors will appreciate clarity on TD's succession plan. Chun has extensive experience at the bank, having run its Insurance segment, its Wealth division and its Canadian Personal Banking business. On the other hand, Dechaine also believes some investors were open to the possibility of TD selecting an external CEO candidate, one with deep U.S. banking sector experience (and experience with U.S. regulators) given the bank's AML issues.

TD is rated Sector Perform, with a $78 target.
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Key here is to wait and see if Chun makes any changes in the Executive
suite in the US.


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