|Bid||26.88 x N/A|
|Ask||26.95 x N/A|
|Day's Range||26.90 - 26.99|
|52 Week Range||18.25 - 26.99|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||3.46|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
TD Bank Group on Thursday named Chief Financial Officer Riaz Ahmed chief executive of its securities unit and head of wholesale banking, a move some investors interpreted as a sign he will succeed CEO Bharat Masrani. For Ahmed, 58, the change marks a return to his TD roots.
(Bloomberg) -- Toronto-Dominion Bank Chief Financial Officer Riaz Ahmed will take over as president and chief executive officer of TD Securities, giving new leadership to a unit that’s underperformed some rivals.Bob Dorrance, 67, will retire from both positions on Sept. 1 after a career of more than four decades, but will remain chairman of TD Securities and serve as special adviser to CEO Bharat Masrani, the bank said in a statement Thursday. He has led TD Securities since 2005, steering it thr
TD Bank Group on Thursday named Chief Financial Officer Riaz Ahmed chief executive of its securities unit and head of wholesale banking, a move some investors interpreted as a sign he will become the next CEO, succeeding Bharat Masrani, whose retirement is already overdue. The move is a return to his TD roots for Ahmed, 58, who began his career at the bank in 1996 as an investment banker in the securities division, following which he served as its CFO and chief administrative officer. "Cross-training in the capital markets role... increases the likelihood of (Ahmed) succeeding Masrani when he retires, but I doubt it would be soon, as that would create unnecessary turnover atop TD Securities," said Brian Madden, portfolio manager at Goodreid Investment Counsel.