Ed Clark, president and CEO of Toronto-Dominion Bank, will retire Nov. 1, 2014. Bharat Masrani, head of U.S. personal and commercial banking, will succeed Clark after a transitional stretch as chief operating officer. "Bharat has been my colleague and partner almost since the time I arrived at TD," Clark said. "He helped reshape the risk appetite of the bank and was critical to many of our earlier decisions.”

Related Summaries