Nov 22 (Reuters) - Canada's TD Bank said on

Friday it had appointed insider Michelle Myers as its global

chief auditor, effective Dec. 9.

The lender in October was slapped with a $3 billion fine and

the rare imposition of an asset cap by U.S. regulators for

violating a law aimed at preventing money laundering.

Myers, who has been with TD since 2022, will succeed Anita

O'Dell, who has decided to retire but will remain in an advisory

role until May 31.

O'Dell, who joined TD in 2010, had served in a number of

roles including global chief auditor, U.S. chief auditor and

deputy U.S. chief auditor.

Myers, who had spent more than a decade at accounting giant

KPMG, was most recently senior vice president, controller and

chief accountant at the lender.

Additionally, TD also named Keith Lam, currently deputy U.S.

chief auditor, as the acting U.S. chief auditor.

Lam, who comes with over 20 years of experience in internal

audit, public accounting, and technology-related roles, will

jointly report to Myers and the U.S. audit committees.

TD CEO Bharat Masrani is also set to retire next year and

will be succeeded by the head of the Canadian banking unit, Ray

Chun.