A quick look at TD Bank, Ed Clark and Bharat Masrani
TORONTO – A quick look at TD Bank (TSX:TD) which announced Wednesday that chief executive Ed Clark is going to retire next year and be replaced by Bharat Masrani:
TD Bank
Net income: $6.47 billion (2012)
Revenue: $23.12 billion (2012)
Market capitalization: $77 billion.
Retail branches and “stores” in North America: 2,483
Employees: 85,000
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Ed Clark
Age: 65
Title: President and chief executive, TD Bank Group
Held position since: December 2002
Previous title: President and chief operating officer
Joined company: July 2000 when TD Bank acquired Canada Trust Financial Services.
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Bharat Masrani
Age: 56
Title: Group head of U.S. personal and commercial banking, TD Bank Group and president and CEO of TD Bank’s U.S. operations
Held position since: 2008
Previous title: Vice chair and chief risk officer of TD Bank Group
Joined company: 1987
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