TD Bank Group Announces Changes to Senior Executive Team

TD Bank Group made changes to its senior executive team that reflect the strength of the bank’s leadership bench.

The bank appointed Raymond “Ray” Chun to 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’s Waterhouse Private Client Group, TD’s direct channels sales, customer experience and 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,” Bharat Masrani, group president and CEO of TD Bank Group, said. “He brings a deep understanding of the market and a relentless focus on the customer to his new role.”

The bank also appointed Tim Wiggan to group head, wealth management and insurance, joining the senior executive team, effective immediately. Most recently, Wiggan served as vice chair of TD Securities (TDS) and co-head of global investment banking. Over more than 25 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 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,” Masrani said. “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.”

Michael Rhodes, group head, Canadian personal banking, will leave TD to pursue an opportunity at another organization. Since joining TD in 2011, Rhodes has helped strengthen, innovate and deliver for the bank and its customers.

“I want to thank Michael for his many contributions to TD’s success and wish him the very best for the future,” Masrani said.

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