Oct 16 (Reuters) - Toronto Dominion Bank ( MLWIQXX ) on
Thursday named industry veterans Brian Callanan as U.S. general
counsel and Andre Ramos as U.S. finance head in the Canadian
lender's latest push for a stronger footprint south of the
border.
The changes, effective December 1, follow TD Bank's record
$3 billion U.S. penalty after it pleaded guilty to conspiracy to
commit money laundering and related charges, triggering a
regulatory cap on its U.S. assets and ongoing compliance
remediation.
Despite the cap, TD Bank consistently highlights the U.S. as
a key growth market. The bank, however, must report to an
independent monitor that oversees operations, tracks risk and
control improvements, and reports to regulators.
Callanan joins TD Bank from Liberty Strategic Capital, where
he has held the roles of senior managing director and general
counsel. Before that, he was the general counsel of the U.S.
Department of the Treasury.
Ramos spent over a decade at JPMorgan Chase ( JPM ) in
business CFO roles, most recently as consumer banking CFO. He
has also held senior leadership roles in finance, treasury and
pricing at American Express, HSBC and Citi.
The bank last month also named another JPMorgan ( JPM ) veteran Jon
Rasmussen as its U.S. chief compliance officer, as part of a
broader rejig of its financial crime and risk management team.
"We have an ambitious plan to become a more efficient,
profitable and powerful competitor in the U.S.," said Leo Salom,
President and CEO of TD Bank U.S.