- Raymond (Ray) Chun becomes
Group Head, Canadian Personal Banking
- Tim Wiggan appointed Group Head, Wealth Management and
Insurance
- Michael Rhodes to leave TD for
an outside opportunity
TORONTO, Dec. 11,
2023 /CNW/ - TD Bank Group (TD) (TSX: TD) (NYSE:
TD) today announced changes to its Senior Executive Team, that
reflect the strength of the Bank's leadership bench.
Ray Chun becomes Group Head,
Canadian Personal Banking, effective immediately. Most
recently, Chun served as Group Head, Wealth Management and
Insurance. He joined TD in 1992 and has held various leadership
roles across the Bank, including in Personal Banking Products,
Branch Banking, TD Waterhouse Private Client Group, TD Direct
Channels Sales, and Customer Experience & Operations and as
President of TD Insurance.
"Ray is a proven leader with a strong track record of building
successful businesses, delivering innovative solutions and
developing talent. He brings a deep understanding of the market and
a relentless focus on the customer to his new role," said Bharat
Masrani, Group President and CEO, TD Bank Group.
Tim Wiggan is appointed Group
Head, Wealth Management and Insurance, effective immediately,
and joins the Senior Executive Team. Most recently, Wiggan served
as Vice Chair, TD Securities (TDS) and Co-Head of Global Investment
Banking. Over more than twenty-five years at TD, he has held
progressively senior leadership roles, including as Co-Head of
Global Markets and Head of Equities and Commodities at TDS. Wiggan
was also CEO of TD Asset Management for nearly four years from 2013
to late 2016.
"Tim has demonstrated his ability to grow both our Wealth and
Capital Markets businesses and to develop long-term trusted
relationships with our clients. He will continue to leverage OneTD,
expand our Canadian, U.S. and international Wealth business, and
deliver the next phase of growth in Wealth Management and
Insurance," said Masrani.
Michael Rhodes, Group
Head, Canadian Personal Banking, will leave TD to pursue an
opportunity at another organization. Since joining TD in 2011,
Michael has helped strengthen the Bank, innovate, and deliver for
our customers.
"I want to thank Michael for his many contributions to TD's
success and wish him the very best for the future," said
Masrani.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the sixth
largest bank in North America by assets and serves over
27.5 million customers in four key businesses operating in a number
of locations in financial centres around the globe: Canadian
Personal and Commercial Banking, including TD Canada Trust and TD
Auto Finance Canada; U.S. Retail, including TD Bank, America's Most
Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an
investment in The Charles Schwab Corporation; Wealth Management and
Insurance, including TD Wealth (Canada), TD Direct Investing, and TD
Insurance; and Wholesale Banking, including TD Securities and TD
Cowen. TD also ranks among the world's leading online financial
services firms, with more than 16 million active online and mobile
customers. TD had $1.96 trillion in assets
on October 31, 2023. The Toronto-Dominion Bank trades under
the symbol "TD" on the Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group