TD announces major shakeup in executive team

Wide-ranging changes will be effective January 1, 2022

TD announces major shakeup in executive team

TD Bank Group has announced that Teri Currie, group head of Canadian personal banking, will be retiring at the end of January 2022, after nearly 35 years with the institution and 11 years as part of the company’s senior executive team.

During her tenure, Currie directly contributed to TD’s brand, talent strategies, and digital and technology capabilities.

“She was instrumental in building TD’s unique and inclusive culture and in creating the legendary customer experiences that are TD’s hallmark,” the bank said.

Upon Currie’s retirement, she will be joining TD’s US board of directors, effective February 1, 2022.

“Teri’s contributions to TD have touched almost every corner of the bank,” said Bharat Masrani, group president and CEO of TD Bank Group. “She rose from a teller at a branch in Calgary to lead our flagship Canadian Personal Bank through a time of significant change and progress. Teri has helped TD grow and succeed while setting the standard for inspiring leadership.”

Read more: TD Bank raises five-year fixed mortgage rate

TD also announced more changes to its senior executive team, effective January 1, 2022.

  • Michael Rhodes, group head of innovation, technology, and shared services, will become group head of Canadian personal banking.
  • Greg Braca, group head of US retail and CEO of TD Bank, will be appointed to the newly created position of vice-chair of TD Bank in the US, reporting to Bharat Masrani.
  • Leo Salom, group head of wealth management and TD Insurance, will become group head of US retail and CEO of TD Bank.
  • Raymond Chun, president of TD Direct Investing and executive vice president of TD Bank Group, will become group head of wealth and insurance.
  • Greg Keeley, executive vice president and chief information officer, will become senior executive vice president of technology and platforms.
  • Christine Morris, senior executive vice president of enterprise transformation, enablement, and customer experience, will have an expanded mandate with responsibility for shared services, which includes North American contact centre and ATM, Canadian collections, and North American fraud operations. Morris will also assume responsibility for digitization, automation and process engineering, enterprise data and analytics, Layer 6, and change management.

“TD has a deep bench of proven executives with the experience and leadership capabilities needed for the future,” said Masrani. “Together, we will continue our relentless focus on serving customers with excellence, developing new capabilities to further enhance our competitiveness, and driving the next phase of growth for the bank.”

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