"I'm honoured to be entrusted by the Board as the custodian of this great institution and global brand," said Masrani. "Ed is an outstanding leader, mentor and friend. Our management team is strong and, together, we will remain focused on investing in and growing our businesses."On July 1, 2013 Mike Pedersen, Group Head Wealth Management, Insurance and Corporate Shared Services will become Group Head U.S. Banking, TD Bank Group and President and Chief Executive Officer at TD Bank, America's Most Convenient Bank and will relocate to Cherry Hill, NJ. He will continue to report to Mr. Clark until November 1, 2014. Mr. Pedersen joined TD in 2007 from a global bank based in the United Kingdom and has extensive international experience in banking, wealth management and corporate shared services. Under his leadership, the Wealth and Insurance segment delivered record earnings in 2012.
TD Bank Group President And CEO Ed Clark To Retire; Board Chooses Bharat Masrani As Successor In 2014
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