TD Bank Moves up New CEO’s Start Date, Cuts Bonuses for 41 Executives

TD Bank Moves up New CEO’s Start Date, Cuts Bonuses for 41 Executives
TD Bank signage is pictured in the financial district in Toronto, on Sept. 8, 2023. The Canadian Press/Andrew Lahodynskyj
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TD Bank Group is speeding up its plan to install its new chief executive and overhauling its board as it continues to deal with the fallout of its anti-money laundering failures in the United States.

The bank, which is struggling to move past the failures, said Friday that Raymond Chun would take over the CEO role from Bharat Masrani on Feb. 1 rather than April 10 as previously announced.