Raymond Chun Elevated To Lead TD Bank Group As Bharat Masrani Steps Down

fomo_fighter · 2026-02-15T18:04:22+00:00

TD Bank Group announced Raymond Chun's appointment as President and CEO, succeeding Bharat Masrani after his retirement in April 2025. Chun has a long history with the bank, having held various leadership roles since 1992.

fomo_fighter

2026-02-15 18:04:22

Abstract generation in progress

TD Bank Group has revealed its long-planned leadership transition, positioning Raymond Chun to assume the role of President and Chief Executive Officer. The shift marks a significant moment for Canada’s banking sector, as Chun takes the helm following Bharat Masrani’s retirement on April 10, 2025, after 38 years with the institution and more than a decade leading as CEO.

A Career Built From Within: Raymond Chun’s Path to the Top

Raymond Chun’s ascent within TD Bank represents a classic internal promotion success story. Since joining the organization’s management training program in 1992, he has accumulated over three decades of progressive leadership experience across multiple divisions. His professional journey has encompassed roles as President of TD Direct Investing, President and Chief Executive Officer of TD Insurance, Group Head of Wealth Management and Insurance, and most recently, Group Head of Canadian Personal Banking—the position he held before his appointment to lead the entire organization.

The Transition Timeline And Interim Structure

The Board of Directors approved a carefully orchestrated transition plan. Effective November 1, 2024, Raymond Chun transitioned into the position of Chief Operating Officer, reporting to Masrani while maintaining oversight of all TD Bank Group’s business lines. This interim phase provided a bridge period before his formal elevation to President and Chief Executive Officer on April 10, 2025, coinciding with Masrani’s departure. Following his retirement, Masrani committed to remaining as a strategic advisor to the institution through October 31, 2025, ensuring continuity during the handover period.

Broader Leadership Reshuffling Across The Organization

The CEO transition was accompanied by other significant personnel changes at the executive level. Riaz Ahmed, who has led TD Securities as Group Head of Wholesale Banking and President, announced his retirement effective at the end of January 2025, concluding his tenure after nearly three decades of service to the bank.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.