Raymond Chun’s Path to CEO at TD Was Untarnished by US Troubles
- Chun never had direct involvement with US retail business
- CEO change could help clear way for US laundering settlement
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Raymond Chun’s unlikely path to the top job at Toronto-Dominion Bank steered well clear of the US anti-money laundering troubles plaguing Canada’s second-largest lender.
Chun, a Toronto-Dominion lifer who will officially take over as chief executive officer on April 10, spent three decades across the bank’s operations, from running wealth management and insurance to leading the lender’s online brokerage. But there’s one notable absence on his resume: a stint in the lender’s US retail business, once its prized possession and now the source of its costly problems.