"I don't know that the organic growth is going to be that dissimilar, because they're both going to do well in Canada," CIBC World Markets analyst Rob Sedran says. Masrani has held many senior executive roles across the bank. "Our view is that in the long haul, it's a terrific market. We hope to have this fixed soon. Whatever product we come up with, chances are within a nanosecond somebody's going to copy." Log In. "The trait has served him well more than once. "What I liked about him was an element of humbleness," says Chris Dyrda, who oversees much of TD's commercial lending business in Ontario, and who brought Masrani to head office more than two decades ago. "It was very hard to get out of, in the sense that it was successful–it was making a lot of money for the bank, it was loved by the Street, by investors." And as I've watched him over the last 20-some-odd years, I think that's the one piece of Bharat that hasn't changed much at all. But it embraced the new banks and co-opted some key ideas–particularly from Commerce, the New Jersey-based lender with $49-billion (U.S.) in assets that it acquired in 2008. Personal and Commercial Banking and President and CEO of TD Bank. But, like all banks, it has flaws. He and his wife, Shabnam, currently make their home in Toronto and have two grown children. Bharat Masrani was appointed Group President and Chief Executive Officer of TD Bank Group in 2014. This is a space where subscribers can engage with each other and Globe staff.We aim to create a safe and valuable space for discussion and debate. Bulsar, Gujarat, India. Masrani, meanwhile, is a little more modest about dodging the bullet.That's in his nature. Bharat Masrani Group President and Chief Executive Officer TD Bank Group. He earned his Master of Business Administration from the Schulich School of Business, York University in 1979. Masrani graduated with Honours from York University in 1978 with a Bachelor of Administrative Studies. "The vibe he gives off is a very reserved, conservative, holds-things-close-to-the-vest kind of person," says Steve Boyle, now CFO of TD's U.S. retail arm, one of the first Americans to meet Masrani when TD made its first major foray into the U.S. market.So a quiet, little-known man has landed one of the most powerful jobs in the country, at an institution that is crucial to the Canadian economy. This is a space where subscribers can engage with each other and Globe staff. But that doesn't mean Masrani won't be vocal when necessary. Teri … He did it anyway.Masrani's 2006 move to oversee TD's expansion into the U.S. retail banking market was another ego-test moment. He began his banking career with TD Bank Group in 1987 as a Commercial Lending Trainee.Masrani received a Bachelor of Administrative Studies degree with Honours from York University in 1978 and obtained his Master of Business Administration from the Schulich School of Business, York University in 1979.For his achievements in business and the community, Masrani was awarded Honorary Doctor of Laws degrees from both the Schulich School of Business in 2017 and Mount Allison University in 2018. "On the day he sits for an interview in the boardroom beside the CEO's office that will soon be his, Masrani looks more like a middle manager than a chief executive–his glasses are metal-framed and he opts for a dress shirt with no cufflinks under his dark grey suit.
As it turned out, the takeover didn't just offer earnings growth; it helped to create a culture.
When Clark became CEO, TD had just posted its first-ever full-year loss, a devastating blow to former CEO Charlie Baillie on his way out; now it makes $2-billion in profit a quarter and the bank's market value is more than $100-billion. Log in or sign up for Facebook to connect with friends, family and people you know. "Stephen Poloz: governor of the Bank of Canada November, 2013Welcome to The Globe and Mail’s comment community. Riaz Ahmed Group Head and Chief Financial Officer TD Bank Group. Find your friends on Facebook.
Masrani was told he wouldn't report to head office, despite the brief he'd been given and his having previously been on TD's executive team. Before that, he served as chief risk officer, rarely making public appearances.His personal style doesn't help much in the profile department, either.