TD Bank CEO Masrani retires in 2025 amid US investigations, with Raymond Chun replacing him as COO in November.

TD Bank Group CEO Bharat Masrani will retire on April 10, 2025, amid ongoing U.S. investigations into the bank's anti-money laundering practices, which incurred over $3 billion in charges. Raymond Chun, currently head of Canadian personal banking, will become COO on November 1 before succeeding Masrani. Masrani has accepted responsibility for the bank's compliance failures and will continue to oversee remediation efforts until his departure.

September 19, 2024
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