Businesses

  • Senior Executive Team


    • photo of Ed Clark

      Ed Clark
      Group President and Chief Executive Officer
      TD Bank Group

      Ed Clark was appointed President and Chief Executive Officer of TD Bank Group on December 20, 2002. Prior to this appointment, he was President and Chief Operating Officer, a role he held since July 2000.

      Following TD's acquisition of Canada Trust Financial Services in February of 2000, Ed joined TD Bank Group as Chairman and Chief Executive Officer of TD Canada Trust. In this role he oversaw the successful integration of the TD and Canada Trust banking operations. Before joining TD, Ed was President and Chief Executive Officer of Canada Trust Financial Services.

      In 1985, he joined Merrill Lynch, and three years later was appointed Chairman and Chief Executive Officer of Morgan Financial Corporation, a position he held until he joined Canada Trust Financial Services Inc. in 1991. From 1974 to 1984, Ed held a number of senior positions in the federal government.

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    • photo of Riaz Ahmed

      Riaz Ahmed
      Group Head, Corporate Development, Enterprise Strategy and Treasury
      TD Bank Group

      Riaz Ahmed was appointed Group Head, Corporate Development, Enterprise Strategy and Treasury in May 2010 and became a member of the Senior Executive Team in August 2009. In this role, he is responsible for overseeing the Treasury and Balance Sheet Management Group, TD Economics and for supporting TD’s enterprise strategy and identifying and developing mergers and acquisitions.

      Riaz joined TD in 1996 as an investment banker for TD Securities’ infrastructure and independent power team where he advised on originating and structuring domestic and cross-border project finance and leasing transactions. In 1999, Riaz was appointed Chief Financial Officer for TD Securities and subsequently Vice Chair and Chief Administrative Officer, overseeing Finance, Operations, Risk and Technology groups for TD’s Wholesale Banking business. In November 2004, Riaz was appointed Senior Vice President, Corporate Development.

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    • photo of Mark Chauvin

      Mark Chauvin
      Group Head and Chief Risk Officer, Risk Management
      Corporate Office
      TD Bank Group

      In May 2010, Mark Chauvin was appointed Group Head, Risk Management, and Chief Risk Officer (CRO), TD Bank Group. In this role, Mark oversees the global management of credit, enterprise, market and operational risk for TD. Prior to this appointment, he was Executive Vice President, Risk Management, and CRO for TD, a position he had held since December 2006.

      Since joining TD as a commercial account management trainee more than 30 years ago, Mark has held a number of increasingly senior management positions in the commercial, wholesale, retail and corporate areas of the bank.

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    • photo of Teri Currie

      Teri Currie
      Group Head, Direct Channels, Corporate and People Strategies
      Corporate Office
      TD Bank Group

      A member of TD's Senior Executive Team, Teri Currie plays a role in determining the organization's strategic direction and in developing and achieving TD's performance targets. In her role as Group Head of Direct Channels, Corporate and People Strategies, Teri is responsible for the bank's direct channels (online, phone and ATMs), talent management and people strategies, compliance and anti money laundering.

      Teri joined TD Bank Group as Senior Vice President, Human Resources in 2004. In 2005, Teri was appointed Executive Vice President, Human Resources. She took on executive leadership of additional corporate areas in 2009 and 2010, and direct channels in 2011.

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    • photo of Bob Dorrance

      Bob Dorrance
      Group Head, Wholesale Banking, TD Bank Group and Chairman, CEO & President
      TD Securities

      Bob Dorrance was named Group Head Wholesale Banking on November 1st, 2005.

      As Chairman, Chief Executive Officer and President of TD Securities, Bob leads the integrated investment dealer business of TD Bank Group. He is responsible for determining the strategic direction of the firm as well as the day-to-day management of the global wholesale investment dealer operations.

      Previously, Bob was co-head of the Dealer and managed TD Securities' Investment Banking, Institutional Equities' Sales, Equity Capital Markets and Proprietary Equity Trading, and the Trading and Research groups.

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    • photo of Tim Hockey

      Tim Hockey
      Group Head, Canadian Banking, Auto Finance, and Credit Cards, TD Bank Group and President & CEO
      TD Canada Trust

      As Group Head, Canadian Banking, Auto Finance, and Credit Cards, TD Bank Group and President & CEO, TD Canada Trust, Tim's primary responsibility is the leadership of Canadian banking, more commonly known as TD Canada Trust, which includes Canadian personal banking and business banking. He is also responsible for leading two of TD’s North American businesses - TD Auto Finance, and the bank’s credit card businesses. Over a 28 year career with TD, he has held senior positions in a variety of areas including mutual funds, retail distribution, information technology, core and small business, credit cards and personal lending.

      In 1997 Tim obtained an MBA from the University of Western Ontario and he now sits on the Advisory Board of the Richard Ivey School of Business. Tim also serves on the Board of Directors for the SickKids Foundation, the largest non-governmental granting agency in children’s health in Canada, and is Chair of the Hospital for Sick Children’s Research and Learning Tower Campaign.

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    • photo of Colleen Johnston

      Colleen Johnston
      Group Head, Finance and Chief Financial Officer
      Corporate Office
      TD Bank Group

      Colleen Johnston is currently Group Head, Finance, and Chief Financial Officer of TD Bank Group. Colleen joined TD in March 2004 as Executive Vice President, Finance Operations, after spending 15 years with Scotiabank in various senior positions. She began her career in 1982 with Price Waterhouse.

      Colleen graduated from York University in Toronto in 1982 with a bachelor of business administration. She received her chartered accountant designation in 1984 and in 2006 was elected a Fellow Chartered Accountant (FCA), the highest designation conferred by the Institute of Chartered Accountants of Ontario, recognizing her outstanding career achievements and dedication to community activities.

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    • photo of Bharat Masrani

      Bharat Masrani
      Group Head, U.S. Personal and Commercial Banking, TD Bank Group and President & CEO
      TD Bank, America’s Most Convenient Bank®

      Bharat has more than 24 years of banking experience and is a member of the TD Bank Board of Directors. Prior to his role at TD Bank, he served as Vice Chair and Chief Risk Officer of TD Bank Group, a position he held from May 2003. During his tenure with TD Bank Group, Bharat also served as Senior Vice President and Chief Executive Officer of TD Waterhouse Investor Services in Europe; Senior Vice President, Corporate Finance and Co-Head in Europe; Vice President and Country Head for India; and Vice President and Head, Corporate Banking Canada. He began his banking career with TD Bank Group in 1987 as a Commercial Lending Trainee.

      TD Bank is one of the 10 largest commercial banks in the U.S., with more than 26,000 Employees. The Bank offers a broad array of retail, small business and commercial banking products and services to more than 7.8 million Customers through its extensive network of more than 1,280 retail stores from Maine to Florida.

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    • photo of Frank McKenna

      Frank McKenna
      Deputy Chair
      TD Bank Group

      Frank McKenna was appointed Deputy Chair of TD Bank Group on May 1, 2006. He is responsible for supporting the Bank in its customer acquisition strategy, particularly in the area of Wholesale and Commercial Banking.

      Frank has held numerous leadership positions in both the public and private sector. For a decade (1987–1997) he was Premier of New Brunswick, having earned three consecutive majority governments, including the historic victory in 1987 of all 58 seats in the legislature. The McKenna government significantly improved the province’s standard of living and quality of life. Among its accomplishments, it balanced budgets, pioneered e-government services, attracted innovative industry clusters and improved educational outcomes. Frank also played a central role on the national stage, where among other initiatives, became a lead advocate for the Canada-US Free Trade Agreement.

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    • photo of Mike Pedersen

      Mike Pedersen
      Group Head, Wealth Management, Insurance, and Corporate Shared Services
      TD Bank Group

      As Group Head, Wealth Management, Insurance, and Corporate Shared Services, Mike is responsible for TD’s wealth and insurance businesses, as well as the bank’s corporate shared services (IT, real estate, strategic sourcing, corporate security, and the project management office). In addition, Mike champions the bank’s environmental agenda.

      Prior to joining TD in July 2007, Mike worked in London, England, where he was responsible for Barclays' global private bank and two other international businesses.

      Before joining Barclays, Mike spent twelve years in senior roles at CIBC, including Senior Executive Vice President, Retail and Small Business Banking, and Executive Vice President, Branch Banking.

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    • photo of Fred Tomczyk

      Fred Tomczyk
      President and Chief Executive Officer
      TD Ameritrade

      Fred Tomczyk is president and chief executive officer of TD AMERITRADE. He is a 20-year veteran of the financial services industry with extensive expertise in wealth management, retail distribution and sales.

      Prior to his current appointment, Fred served as the firm’s Chief Operating Officer, with responsibility for the implementation of the Company’s growth strategy. Fred’s involvement with TD AMERITRADE goes back several years, as he helped negotiate and shape the transaction that brought Ameritrade and TD Waterhouse together in 2005. He served as a member of the TD AMERITRADE board of directors prior to joining the firm.

      Prior to joining TD AMERITRADE, Fred served as the vice chairman of corporate operations for TD Bank Financial Group. He also held a number of executive roles for Canada Trust, which later became TD Canada Trust.

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  • Canadian Personal and Commercial Banking

    From personal savings accounts to commercial lending, our Canadian Personal and Commercial Banking business offers a full range of personal financial services and business banking products.

    TD Canada Trust provides banking services to more than 11.5 million customers across Canada, including financial advice, mortgages, credit cards and everyday banking. More than 30,000 employees work for TD Canada Trust, most in direct customer facing roles whether on the phone or in person at a branch. TD Canada Trust lives up to its promise of comfortable banking by being the most convenient bank with the longest hours of any bank in Canada.

    TD Commercial Banking serves large and small Canadian businesses by offering a broad range of customized products and services.

    TD Financing Services provides flexible financing options to customers at point-of-sale, including automotive and recreational vehicle purchases, home improvement loans, and specialty mortgages. Through a nationwide network of dealers, retailers and brokers, TD Financing Services offers comprehensive lending programs, with consistent, reliable and responsive service.

    TD Insurance helps protect close to four million customers with a wide range or products including credit protection, life, critical illness, health, travel, home and auto insurance. Whether it’s through the branch network or our direct online model, TD Insurance is focused on delivering an exceptional experience and providing Canadians with insurance solutions that they understand and that suit their needs.

    MBNA is a division of The Toronto-Dominion Bank. With the MBNA portfolio, TD is a leading provider of co-branded and affinity credit card programs in Canada. MBNA MasterCard credit cards are associated with hundreds of Canadian membership organizations, credit union and financial institutions, sports associations, educational institutions and charities.

    U.S. Personal and Commercial Banking

    TD Bank, America’s Most Convenient Bank®, is one of the 10 largest commercial banks in the U.S., with more than 25,000 employees. The bank provides a full range of financial products and services to more than 7.4 million customers through an extensive network of more than 1,275 convenient locations from Maine to Florida.

    Wholesale Banking

    With more than 2,700 people in 14 offices around the world, TD Securities provides a wide range of products and services to corporate, government and institutional clients who choose us for our knowledge, innovation and experience. Our services include liquidity, equities and fixed income trading, foreign exchange services, as well as investment banking and research services.

    Wealth Management

    TD Wealth Management provides an offering of global online investing, advice, private client services and asset management to a large and diverse institutional and retail client base. In our global online investing channels, we have leading market share in Canada and the U.K. through TD Waterhouse Discount Brokerage and TD Direct Investing. In the U.S., TD Ameritrade is the industry-leader as measured by trades. Our North American Private Client Group provides a comprehensive offering of banking, trust and discretionary investment management to high net worth clients. And TD Asset Management is a leading North American investment manager comprised of retail and institutional capabilities.

  • Executive Vice Presidents

    • Nandita Bakhshi
      Executive Vice President, TD Bank Group and Head, Product Management, TD Bank, America's Most Convenient Bank®

      Stephen Boyle
      Executive Vice President, Finance, TD Bank Group and Chief Financial Officer TD Bank, America's Most Convenient Bank®

      Norie Campbell
      Executive Vice President and General Counsel, Legal, Corporate Office, TD Bank Group

      Veronica Caropreso
      Executive Vice President, TD Bank Group and Head of Shared Services TD Bank, America's Most Convenient Bank®

      Paul Clark
      Executive Vice President and Chief Operating Officer, TD Securities, TD Bank Group

      Michael Collins
      Executive Vice President, TD Bank Group and Head of Control Functions TD Bank, America's Most Convenient Bank®

    • Paul Douglas
      Executive Vice President, Business Banking, TD Canada Trust, TD Bank Group

      Lance Drummond
      Executive Vice President, Operations and Technology, TD Canada Trust, TD Bank Group

      Thomas Dyck
      Executive Vice President, Branch Banking, TD Canada Trust, TD Bank Group

      Mark Faircloth
      Executive Vice President, Rates & Foreign Exchange, TD Securities, TD Bank Group

      Thomas Gilman
      President and CEO, TD Auto Finance and Executive Vice President, TD Bank Group

      Fred Graziano
      Executive Vice President, TD Bank Group and Head, Regional Commercial Banking, Government Banking and Small Business TD Bank, America's Most Convenient Bank®

    • William Goings
      Executive Vice President and President TD Insurance, TD Bank Group

      Brian Haier
      Executive Vice President, TD Bank Group and Head, Regional Retail Banking and Direct Channels TD Bank, America's Most Convenient Bank®

      Alan Jette
      Executive Vice President, Treasury and Balance Sheet Management, TD Bank Group

      Kevin Kessinger
      Executive Vice President, Chief Information Officer and Head, Corporate Shared Services, TD Bank Group

      Shailesh Kotwal
      Executive Vice President, Retail Banking, Products and Services, TD Canada Trust, TD Bank Group

      Margo McConvey
      Executive Vice President, Direct Channels and Distribution Strategies, TD Bank Group

    • Patrick Meneley
      Executive Vice President, Investment Banking, TD Securities, TD Bank Group and Vice Chair, Investment Banking, TD Securities

      Dominic Mercuri
      Executive Vice President, Community, Environment and Chief Marketing Officer, Corporate Office, TD Bank Group

      Christopher Montague
      Executive Vice President and Senior Legal Advisor, Legal, Corporate Office, TD Bank Group

      Brian Murdock
      Executive Vice President, Asset Management and Client Solutions, Wealth Management, TD Bank Group

      Walter Owens
      Executive Vice President, TD Bank Group and Head, Specialty and Corporate Banking TD Bank, America's Most Convenient Bank®

    • Kerry Peacock
      Executive Vice President, Global Direct Investing, Wealth Management, TD Bank Group

      Robbie Pryde
      Executive Vice President, Equity, TD Securities, TD Bank Group and Vice Chair, Institutional Equities and Global Origination, TD Securities

      Michael Rhodes
      Executive Vice President, North American Credit Cards and Merchant Services, TD Canada Trust, TD Bank Group

      Leo Salom
      Executive Vice President, Advice Businesses, Wealth Management, TD Bank Group

      John Gordon See
      Executive Vice President, Senior Client Relationships and Shared Services, Wealth Management, TD Bank Group


    Senior Vice Presidents

    • Vivian Abdelmessih
      Craig Alexander
      Kent Andrews
      Debra Armstrong
      Scott Bacon
      Melissa Ballenger
      Ajai Bambawale
      Monique Bateman
      Pamela Beauchamp
      Lynn Belo
      Sandra Bennett
      Carolyn Blair
      David Boone
      Caroline Booth
      Theresa Ann Bowman
      Greg Braca
      Richard Burke Jr
      John Capozzolo
      Michael Carbone
      Raymond Chun
      Sandra Cimoroni
      Andrew Clarke
      James Coccimiglio
      Howard Cohen
      Michael Copley

    • Mark Crandall
      Susan Cummings
      Deborah Davis
      Denise DeMaio
      Jean Desgagne
      Suzanne Deuel
      Linda Dougherty
      Lisa Driscoll
      Gary Dunne
      Andrew Durnford
      Christopher Dyrda
      Malcolm Eylott
      Francois Faucher
      Joseph Fico
      Allan Fielder
      William Fink
      Michael French
      William Furlong
      James Gertie
      Christopher Giamo
      Glenn Gibson
      Kevin Gillen
      Barbara Glasser
      Deborah Gravinese
      Daniel Griffiths

    • Jeffrey Henderson
      Robert Hoak
      Barbara Hooper
      Edward (Ted) Hopkinson
      Charles Hounsell
      Xihao Hu
      Carmina Hughes
      Paul Huyer
      Martine Irman
      Roger Johnson
      Moti Jungreis
      Paal Kaperdal
      David Kelly
      Roger Kent
      Rizwan Khalfan
      Carolyn Kingaby
      Derek Koppe
      Paul Langill
      Kevin LeBlanc
      Drew MacIntyre
      Christine Marchildon
      Richard Mathes
      Ronald Joseph McInnis
      Christian McMillan
      Paul Milkman

    • Louise Mitchell
      Brian Monday
      Joseph Monk
      Alexander Morley
      M. Christine Morris
      Steven Morse
      David Ian Morton
      Stephen Murphy
      Adam Newman
      Brendan O'Halloran
      John Opperman
      Paul Orlander
      Carol Osler
      Neil Parmenter
      David Pinsonneault
      Edward Pollock
      Suzanne Poole
      Leslie Anne Quinlan
      Satish Rai
      Lisa Reikman
      Michael Reilly
      Charles Richard
      John Rosenfeld
      Heather Ross
      Carrie Russell
      Jane Russell

    • James Sallas
      Dianne Salt
      Rudy Sankovic
      Minaz Sarangi
      Bruce Schouten
      Craig Andrew Scott
      Sandra Sharman
      Francesca Shaw
      Bruce Mark Shirreff
      Manjit Singh
      John David Sloan
      Gregory Smith
      Brian Smith
      Christopher Stamper
      Brad Taylor
      Howard Thompson
      Timothy Thompson
      Kelvin Vi Luan Tran
      Peter van Dijk
      Jeffrey van Duynhoven
      Linda Verba
      Guy Vezina
      Paul Whitehead
      Jennifer Young

  • North America

    (millions of dollars)   As at October 31, 2011
    North America Address of Head or Principal Office Carrying value of shares owned by the Bank
    CT Financial Assurance Company (99.9%) Toronto, Ontario $ 125
    Meloche Monnex Inc. Montreal, Quebec 1,460
        Security National Insurance Company Montreal, Quebec
            Primmum Insurance Company Toronto, Ontario
            TD Direct Insurance Inc. Toronto, Ontario
            TD General Insurance Company Toronto, Ontario
            TD Home and Auto Insurance Company Toronto, Ontario
    TD Asset Finance Corp. Toronto, Ontario 139
    TD Asset Management Inc. Toronto, Ontario 738
        TD Waterhouse Private Investment Counsel Inc. Toronto, Ontario
    TD Auto Finance Services Inc.1 Toronto, Ontario 1271
    TD Financing Services Home Inc. Toronto, Ontario 11
    TD Financing Services Inc. Toronto, Ontario 706
    TD Investment Services Inc. Toronto, Ontario 36
    TD Life Insurance Company Toronto, Ontario 47
    TD Mortgage Corporation Toronto, Ontario 10,302
        TD Pacific Mortgage Corporation Vancouver, British Columbia
        The Canada Trust Company Toronto, Ontario
    TD Parallel Private Equity Investors Ltd. Toronto, Ontario 124
    TD Securities Inc. Toronto, Ontario 1,559
    TD US P & C Holdings ULC Calgary, Alberta 25,758
        TD Bank US Holding Company Portland, Maine
            Northgroup Sponsored Captive Insurance, Inc. Burlington, Vermont
            TD Bank USA, National Association Portland, Maine
            TD Bank, National Association Wilmington, Delaware
                TD Auto Finance LLC Farmington Hills, Michigan
                TD Insurance, Inc. Portland, Maine
    TD Vermillion Holdings ULC Calgary, Alberta 15,072
        TD Financial International Ltd. Hamilton, Bermuda
            Canada Trustco International Limited St. Michael, Barbados
            TD Reinsurance (Barbados) Inc. St. Michael, Barbados
            TD Reinsurance (Ireland) Limited Dublin, Ireland
        Toronto Dominion International Inc. St. Michael, Barbados
    TD Waterhouse Canada Inc. Toronto, Ontario 2,180
        TD Waterhouse Insurance Services Inc. Toronto, Ontario
    TDAM USA Inc. Wilmington, Delaware 2
    Toronto Dominion Holdings (U.S.A.), Inc. New York, New York 1,434
        TD Holdings II Inc. New York, New York
            TD Securities (USA) LLC New York, New York
            Toronto Dominion (Texas) LLC New York, New York
        Toronto Dominion (New York) LLC New York, New York
        Toronto Dominion Capital (U.S.A.), Inc. New York, New York

    1 Reflects ownership structure as at November 1, 2011.

    Unless otherwise noted, the Bank, either directly or through its subsidiaries, owns 100% of the entity and/or 100% of any issued and outstanding voting securities and non-voting securities of the entities listed. Each subsidiary is incorporated in the country in which its head or principal office is located.


    International

    (millions of dollars)   As at October 31, 2011
    International Address of Head or Principal Office Carrying value of shares owned by the Bank
    Internaxx Bank S.A. Luxembourg, Luxembourg $ 50
    NatWest Personal Financial Management Limited (50%) London, England 67
        NatWest Stockbrokers Limited London, England
    TD Ireland Dublin, Ireland 1,379
        TD Global Finance Dublin, Ireland
    TD Luxembourg International Holdings Luxembourg, Luxembourg 5,411
        TD Ameritrade Holding Corporation (44.96%)1 Omaha, Nebraska
    TD Waterhouse Bank N.V. Amsterdam, The Netherlands 253
    TD Wealth Holdings (UK) Limited Leeds, England 98
        TD Waterhouse Investor Services (Europe) Limited Leeds, England
            TD Wealth Institutional Holdings (UK) Limited Leeds, England
                TDWCS LLP Leeds, England
    Toronto Dominion Australia Limited Sydney, Australia 222
    Toronto Dominion Investments B.V. London, England 942
        TD Bank Europe Limited London, England
        Toronto Dominion Holdings (U.K.) Limited London, England
            TD Securities Limited London, England
    Toronto Dominion (South East Asia) Limited Singapore, Singapore 753

    1 TD Ameritrade Holding Corporation is not a subsidiary of the Bank as the Bank does not control it. TD Luxembourg International Holdings and its ownership of TD Ameritrade Holding Corporation is included given the significance of the Bank’s investment in TD Ameritrade Holding Corporation.

    Unless otherwise noted, the Bank, either directly or through its subsidiaries, owns 100% of the entity and/or 100% of any issued and outstanding voting securities and non-voting securities of the entities listed. Each subsidiary is incorporated in the country in which its head or principal office is located.


 

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