Toronto-Dominion Bank appointed insider Geoff Bertram as the head of corporate and investment banking, according to a memo seen by Reuters on Tuesday, as a part of executive shakeup at the securities arm of the Canadian lender.
Here are more details from the moves within the organization:
- Bertram moves from his previous role as the co-head of corporate and investment banking - the investment baking arm of the bank - and has been with the company for over two decades.
- Larry Wieseneck, the current vice chair of CIB, is set to become the chairman of TD Securities.
- Current vice-chair and head of global markets, Dan Charney, will become president of TD Securities.
- The appointments of Bertram, Wieseneck and Charney will be effective from January 1 next year.
- The executives will report directly to Tim Wiggan, president and CEO of TD Securities.
- The memo also mentioned the appointment of Robert Fagin and Lisa Thomas as senior advisor and head of global research, respectively, effective immediately.
(Reporting by Pritam Biswas in Bengaluru and Nivedita Balu in Toronto; Editing by Leroy Leo)
