July 28 (Reuters) - TD Bank has named

independent director John MacIntyre as the new chair of its

board, as the Canadian lender turns to a new guard to bolster

oversight and reassure investors.

MacIntyre will succeed Alan MacGibbon, who will retire on

September 1, following a stint that lasted more than a year, the

bank said on Monday.

The lender is undergoing a broader makeover as it complies

with a U.S. government-ordered anti-money laundering remediation

program, following a historic $3 billion fine by regulators for

lapses in its systems.

TD expedited the exit of former CEO Bharat Masrani in

January and slashed his annual pay, with current chief Raymond

Chun stepping into the role on February 1, two months ahead of

the original timeline.

While all 14 of TD's board nominees were elected at its

annual shareholder meeting earlier this year, outgoing chair

MacGibbon drew the lowest level of support.

The bank said its new chair's "deep financial expertise and

governance experience will support the board as it continues to

prioritize strong oversight and long-term value creation."

So far this year, TD's shares have gained 34%, while the

benchmark S&P/TSX Composite Index has risen 11%.