TD Banking Group Reveals Alterations in Its Leadership Group
TD Bank Group Announces Changes to Senior Executive Team
TD Bank Group, one of Canada's leading financial institutions, has announced changes to its Senior Executive Team. Bharat Masrani, the Group President and CEO, made the announcement, highlighting the appointments of Ray Chun and Tim Wiggan to key leadership roles.
Ray Chun, who joined TD Bank Group in 1992, has held various leadership roles across the bank, including in Personal Banking Products, Branch Banking, TD Waterhouse Private Client Group, TD Direct Channels Sales, Customer Experience & Operations, and as President of TD Insurance. Most recently, he served as Group Head, Wealth Management and Insurance. Bharat Masrani praised Chun, stating that he is a proven leader with a strong track record of building successful businesses, delivering innovative solutions, and developing talent. Chun is now appointed as Group Head, Canadian Personal Banking, effective immediately.
Tim Wiggan, who has been with TD Bank Group for over twenty-five years, 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, and most recently served as Vice Chair, TD Securities (TDS) and Co-Head of Global Investment Banking. Bharat Masrani commended Wiggan for his ability to grow both the Wealth and Capital Markets businesses. Wiggan is appointed as Group Head, Wealth Management and Insurance, effective immediately, and joins the Senior Executive Team of TD Bank Group.
In a separate move, Michael Rhodes, Group Head of Canadian Personal Banking, will leave TD Bank Group to pursue an opportunity at another organization. Rhodes joined TD Bank Group in 2011. Bharat Masrani thanked Rhodes for his many contributions to TD's success and wished him the very best for the future.
Bharat Masrani expects Tim Wiggan to continue leveraging OneTD, expand the Canadian, U.S., and international Wealth business, and deliver the next phase of growth in Wealth Management and Insurance. Masrani also mentioned that Ray Chun brings a deep understanding of the market and a relentless focus on the customer to his new role.
These changes come as TD Bank Group continues to focus on delivering exceptional customer experiences and driving growth in its key business segments.
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