Raymond Chun Named New CEO of TD Bank

Chun, a 32-year TD veteran, will take over from Bharat Masrani in April 2025 amid ongoing U.S. regulatory challenges.

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.