Toronto-Dominion Bank banner

Company Overview

Business Description

Sector
Financials
Industry
Banking
Headquarters
Canada CA
Employees
104 843
IPO date
Aug 30, 1996

Toronto-Dominion Bank, known as TD, is a large North American bank that takes deposits, makes loans, and moves money for consumers, small businesses, and larger commercial clients. It sells everyday banking products such as checking and savings accounts, credit cards, mortgages, and personal loans, along with business lending, cash management, and wealth services.

TD makes money mainly by charging interest on loans and earning fees from banking, payment, and investment services. Its main customers are households, small and mid-sized businesses, and corporate clients that need a place to keep cash, borrow funds, or handle payments. It also serves savers and investors through brokerage, advisory, and asset management offerings.

What sets TD apart is its role as a full-service bank that sits at the center of many financial relationships rather than a single-product lender. It gathers low-cost customer deposits, lends that money back out, and earns fee income from the daily financial activity of its clients. That mix makes it a classic deposit-funded bank with a broad retail and commercial franchise.

Toronto-Dominion Bank Investor Relations

Address
15FLR-66 ST Wellington W
Toronto, Ontario
Canada

Business Segments

Canadian banking

This part serves people and small to mid-sized businesses in Canada with everyday banking, mortgages, loans, credit cards, and business banking services.

Customers and revenue model

U.S. banking

This part provides retail banking and small business services in the United States, including checking accounts, savings, mortgages, auto lending, and credit cards.

Customers and revenue model

Wealth and insurance

Description, customers and revenue model

Wholesale banking

Description, customers and revenue model

Management

Mr. Bharat B. Masrani

Group President, CEO & Director

Bharat B. Masrani is a prominent Canadian banker and has been the Group President and Chief Executive Officer of Toronto-Dominion Bank (TD Bank Group). He was born in Uganda and raised in Canada after his family immigrated there. Masrani holds a Bachelor of Administration degree from York University and an MBA from the Schulich School of Business. Masrani joined TD Bank in 1987 and has held various positions across the organization. Over the years, he has taken on increasingly senior roles, including overseeing Corporate Banking and Strategic Planning for TD in Canada, and serving as the Senior Vice President and Chief Operating Officer of TD Bank in the United States. In 2006, Bharat Masrani was appointed President of TD Banknorth, following TD's acquisition of the bank. He played a crucial role in the expansion of TD Bank's presence in the United States. Later, he was appointed Group Head U.S. Personal and Commercial Banking, and in 2013, he was named Chief Operating Officer for TD Bank Group. In November 2014, Masrani became the CEO of TD Bank Group, succeeding Ed Clark. Under his leadership, TD Bank has continued to expand its influence as a major North American financial institution. Known for his focus on customer experience and innovative strategies, Masrani has been instrumental in steering the bank through changing economic landscapes and embracing the digital transformation of the banking industry.

Mr. Kelvin Vi Luan Tran C.F.A.

Group Head & CFO

Kelvin Vi Luan Tran is a distinguished finance professional currently associated with the Toronto-Dominion Bank (TD Bank). He serves in a significant leadership role within the organization, applying his extensive expertise in finance and management. Tran holds the Chartered Financial Analyst (CFA) designation, which underscores his proficiency and commitment to the highest standards of ethical and professional excellence in the field of finance. Kelvin Tran has a robust educational background, including an MBA, which has been instrumental in his career development. Throughout his tenure at TD Bank, he has occupied various strategic positions that have contributed to the bank's financial success and operational efficiency. Tran is renowned for his strategic insight, financial acumen, and dedication to fostering a culture of ethical practices and innovation within the financial services sector. His contributions are pivotal to TD Bank's continuing growth and adherence to industry-best practices.

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