Ed Clark, president and CEO of TD Bank, plans to retire late next year after 12 years leading the bank. Bharat Masrani, head of TD's U.S. personal and commercial banking group, is set to take over in November 2014. Regarding the lengthy transition period, Mr. Clark said, "You want change but you want change where people say the fundamentals won't change." His tenure has been marked by exponential expansion, particularly into the U.S., where the bank's presence went from no branches to 1,300.
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