TD CEO to retire next year, takes responsibility for money laundering failures

TD CEO to Retire Next Year, Takes Responsibility for Money Laundering Failures

TD Bank Group, which is mired in a money laundering scandal in the U.S., says chief executive Bharat Masrani will retire next year. Masrani will retire officially on April 10, 2025, at the bank’s next annual meeting of shareholders after 38 years at the bank and more than a decade as CEO. “The anti-money laundering challenges we face took place on my watch as CEO and I take full responsibility,” he said in a statement Thursday. “In the coming mo…

TD CEO Masrani to retire next year, Chun named successor as U.S. probes continue

TORONTO — TD Bank Group, which is mired in a money laundering scandal in the U.S., said Raymond Chun will replace chief executive Bharat Masrani who is retiring next year.

TD Bank announces CEO shuffle as Masrani set to retire in 2025 - National

TD Bank announced a slew of executive changes on Thursday, most notably the retirement of its CEO Bharat Masrani and the naming of his successor, Ray Chun.

TD CEO Bharat Masrani to retire, bank names successor

TD Bank Group chief executive Bharat Masrani has announced that he will retire on April 10, 2025.

CP TD Bank Group CEO Bharat Masrani to retire next year

TORONTO — TD Bank Group says chief executive Bharat Masrani will retire on April 10, 2025. The bank has named Raymond Chun, group head, Canadian personal banking, as his successor. More coming. Companies in this story: (TSX:TD) The Canadian Press

TD Names Chun CEO With Bank Facing US Investigation

Toronto-Dominion Bank said Chief Executive Officer Bharat Masrani will retire in April and Raymond Chun will take the top job, as the bank grapples with investigations by the Department of Justice and financial regulators into lapses of money-laundering controls at its US branches.