Who is Raymond Chun?

Raymond Chun was appointed Group President and Chief Executive Officer of TD Bank Group on February 1, 2025. Ray has more than 30 years of banking experience and is a member of the TD Bank Group Board of Directors.

Who is Raymond Chun TD Bank?

Raymond Chun is the Senior Vice President at TD Canada Trust, where he leads the Everyday Banking and Customer Strategy & Analytics business. Channels Sales, Customer Experience & Operations. Ray has a BA from the University of Western Ontario and an MBA from Queen's.

Who is the new CEO of TD Bank?

Raymond Chun, currently Chief Operating Officer, will be appointed Group President and Chief Executive Officer (CEO) on February 1, 2025, accelerating the previously announced transition date of April 10, 2025.

Who is the wife of TD Bank CEO?

Bharat received a Bachelor of Administrative Studies degree with Honours from York University in 1978 and obtained his Master of Business Administration from the Schulich School of Business, York University in 1979. He and his wife, Shabnam, currently make their home in Toronto and have two grown children.

How much does Raymond Chun make at TD Bank?

(Reuters) -Canada's TD Bank set CEO Raymond Chun's 2024 salary at C$11.4 million ($7.88 million) and cut U.S. retail banking head Leo Salom's pay amid the lender's anti-money laundering (AML) issues, regulatory filings on Tuesday showed.

Real People - Raymond Chun

Is Raymond Chun Chinese or Korean?

Born in Korea, Ray holds a Bachelor of Arts degree from the University of Western Ontario and a Master of Business Administration from Queen's University. Ray and his wife, Karen, make their home in Oakville, Ontario and they have two grown children.

Who owns TD Bank now?

In August 2004, Toronto-Dominion Bank became the majority owner, rebranding the Banknorth Group, Inc. to TD Banknorth, N.A. All remaining shares of TD Banknorth were acquired by Toronto-Dominion Bank on April 20, 2007.

Why did TD CEO resign?

Toronto-Dominion Bank TD-T chief executive officer Bharat Masrani is stepping down more than two months ahead of schedule as the bank launches an overhaul of its board – rare moves linked to U.S. regulatory penalties for anti-money-laundering failures.

Who is the CEO of TDB bank Mongolia?

Orkhon Onon, CEO, TRADE AND DEVELOPMENT BANK (TDB)

We are the largest corporate bank (accounting for 40% of total corporate loans in the banking sector) and the leading international bank in Mongolia's banking industry.

Who is the biggest shareholder in TD Bank?

Largest shareholders include Royal Bank Of Canada, Bank Of Montreal /can/, Vanguard Group Inc, CIBC World Markets Inc., FIL Ltd, Td Asset Management Inc, Bank Of Nova Scotia, National Bank Of Canada /fi/, Mackenzie Financial Corp, and VGTSX - Vanguard Total International Stock Index Fund Investor Shares .

Who are the parents of Raymond Chun?

When RAYMOND CHUN was born on 4 July 1921, in Honolulu, Oahu, Hawaii, United States, his father, Tin Bow Chun, was 33 and his mother, Yuk Lin Jeong, was 21.

Who is the CEO of TD Bank fired?

TD Bank shakes up leadership amid scandal around anti-money-laundering program. TD Bank Group announced Thursday that Raymond Chun will replace CEO Bharat Masrani when he retires next spring.

Who is the CEO of TDB bank?

As part of the OPEC Fund's Development Forum 2025 interview series, we spoke with Admassu Tadesse, President and CEO of the Eastern and Southern African Trade and Development Bank (TDB), to explore how TDB is adapting to shifting development needs and where the strongest synergies lie with the OPEC Fund.

Who is the chairman of TD Bank?

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.

Who owns Surety Bank?

Created by our CEO, Ryan James and managed by our World Class BSA Support team, Surety Bank will be here for you today AND in the years to come.

Is TD firing employees?

Timeline of TD Layoffs

Below is a timeline of notable layoffs at TD Bank: May 22, 2025: TD Bank is cutting 2,000 jobs as part of a major restructuring plan expected to save $650 million. November 2023: TD eliminated approximately 3% of its workforce as part of a broad realignment effort.

What is the salary of the CEO of TD Bank?

TD CEO Ray Chun, who took the role from Bharat Masrani in February, had his 2024 compensation set at $7.9 million (C$11.4 million). Masrani received no cash incentive award or equity compensation in 2024, resulting in an 89% year-over-year reduction in pay, from $13.3 million to $1.5 million.

What is the TD Bank scandal?

TD Bank Insider Pleads Guilty to Accepting Bribes to Fraudulently Open More Than 100 Bank Accounts. NEWARK, N.J. – A former Florida-based employee of TD Bank, N.A. pleaded guilty to accepting bribes in exchange for fraudulently opening more than 100 bank accounts, U.S. Attorney Alina Habba announced.

What is the old name of TD Bank?

He created some of the early maps of Upper Canada. On February 1, 1955, The Bank of Toronto and Dominion Bank merged to form Toronto Dominion Bank, but TD traces its roots back even further to the founding of The Bank of Toronto in 1855.

What is the religion of Bharat Masrani?

Masrani is of Indian descent and was raised Hindu. He is of Gujarati descent. He was born in Uganda, a country from which his family fled in 1972.

Which bank is best in Canada?

Who is the richest CEO in the world?

This list identifies the top global earners, with Elon Musk leading at $23.5 billion. Other high-earning CEOs include Tim Cook (Apple), Sundar Pichai (Alphabet), Jensen Huang (Nvidia), and Reed Hastings (Netflix), highlighting their significant impact on industries and economies.

Which bank pays the best salary?

Who is Gunjan Kedia?

Gunjan Kedia is the president and chief executive officer, and a member of the Board of Directors of U.S. Bancorp, the fifth-largest commercial bank in the country.