Overview

• Raymond Chun has been appointed as the next CEO of Toronto-Dominion Bank, succeeding Bharat Masrani.
• Chun, who joined TD in 1992, has held various senior roles, including leading the Canadian personal banking unit.
• His appointment comes as TD faces significant U.S. regulatory scrutiny over anti-money laundering issues.
• Analysts have noted Chun's lack of direct involvement in the U.S. operations, potentially aiding in resolving these regulatory challenges.
• Chun's leadership is expected to bring stability and a fresh perspective to TD's ongoing compliance and operational strategies.