Sept 10 (Reuters) - TD Bank on Wednesday named
Taylan Turan as chief operating officer along with a slew of
executive appointments, ahead of its investor day in September
where the Canadian lender is likely to provide strategic clarity
after a tumultuous period of regulatory challenges.
Turan will take over the role held by CEO Raymond Chun,
until his accelerated rise to the top job in February.
The bank is undergoing a significant transformation as it
complies with a U.S. government mandated anti-money laundering
remediation program, which followed a historic $3 billion
penalty for systemic lapses.
TD expedited the exit of CEO Bharat Masrani in January and
slashed his annual pay, with Chun stepping into the role on
February 1, two months ahead of schedule.
Turan, an industry veteran, will move from London to Toronto
as he joins Canada's second largest bank after more than 16
years with HSBC, where he was the CEO of retail banking.
Most recently, Turan led HSBC's efforts to reshape its
international wealth and premier banking business.
Turan will join TD on September 29 and will be responsible
for improving client experience and accelerating growth, the
bank said.
Simon Fish will join as general counsel effective September
15, the bank said, as current counsel Jane Langford seeks other
opportunities.
TD also announced the appointment of 37-year company veteran
Paul Whitehead as global head of client and colleague experience
and marketing, effective December 1. Whitehead will report to
Turan.
In July, the bank named independent director John MacIntyre
as the new chair of its board.
So far this year, TD's shares have gained nearly 38%, while
the benchmark S&P/TSX Composite Index has risen 18%.