The Toronto-Dominion Bank
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Leadership History
3 leaders · Full leadership timeline
TD Bank is a Canadian banking group with FY2025 reported revenue of CAD $67.777 billion, reported net income of CAD $20.538 billion, more than 100,000 colleagues, and Raymond Chun as Group President and CEO. The most useful way to read TD Bank is through its revenue model, leadership, competitive position, and the risks that can weaken the strategy.
TD Bank makes money from net interest income on loans and deposits, service fees, credit cards, commercial banking, wealth management, insurance premiums, trading, advisory, and capital-markets services.
Group President and CEO (2014-2025)
Masrani led TD for more than a decade, overseeing the Schwab strategic partnership, the Cowen acquisition, and the attempted First Horizon merger. He accelerated TD's digital transformation and expanded the US franchise. However, the AML failures 'took place on my watch' and he accelerated his retirement due to the crisis.
Group President and CEO (2025-present)
Chun became CEO on February 1, 2025, after 33 years at TD. His first major decision was the sale of TD's entire Schwab stake for approximately $14.6 billion, generating CAD $20 billion in proceeds. He is tasked with rebuilding regulatory trust and growing the bank within US constraints.
Group Head, Wholesale Banking and President and CEO, TD Securities (retired January 2025)
Ahmed led TD's wholesale banking expansion for nearly three decades, including the Cowen acquisition and the integration of TD Cowen. He retired at the end of January 2025 as part of the leadership transition.
TD Bank faces risks from U.S. AML remediation, the U.S. asset cap, credit losses, interest-rate cycles, housing exposure, regulatory scrutiny, and competition from banks and fintechs.
Raymond Chun is the current CEO or primary leader used in this profile.
TD Bank's leadership agenda centers on Canadian retail strength, U.S. remediation, simpler operations, digital banking, wealth growth, disciplined capital, and improved risk controls.
Leadership changes help explain shifts in capital allocation, product priorities, risk appetite, and competitive positioning.
TD Bank's leaders have shaped its expansion, operating model, and response to industry change.