td ceo salary

CEO Bharat Masrani saw his total compensation fall to $12.64-million in 2019, as well as chief financial officer Riaz Ahmed, wholesale-banking head Bob Dorrance and U.S. retail head Greg Braca The chief executive of TD Bank Group saw his total compensation for 2019 fall compared with 2018 when he received a special one-time stock option award of $1.9 million. Please log in to listen to this story.

This is a space where subscribers can engage with each other and Globe staff. In 1993, he was appointed Head of Corporate Banking in Canada.

Unchecking box will stop auto data updates, Due to technical reasons, we have temporarily removed commenting from our articles. That compared with total compensation valued at $15.3 million in 2018 when Masrani earned $1.3 million in salary, nearly $5.6 million in share-based awards, $4.6 million in option-based awards, a $2-million cash bonus, nearly $1.6 million in pension value and $89,000 in other compensation. The pay packet included $1.4 million in salary, nearly $5.5 million in share-based awards, nearly $2.7 million in option-based awards, a $2-million cash bonus, $907,000 in pension value and $118,000 in other compensation. Full Disclaimer, CEO Bharat Masrani, seen here in Toronto in March, 2018, saw his total compensation fall to $12.64-million in 2019, versus $15.32-million in 2018. * These allowances are paid by the individual Department to which the Minister is assigned. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser. How ETFs continue to transform the financial industry 30 years after launch, The latest appointment : Picton Mahoney Asset Management Welcomes Industry Leader Michael Lynds as Managing Director, Head of Retail Business, Market hurdles have accelerated ETF flows, Oil patch earnings and GDP numbers are also coming, Larry Wood was honoured with the Donald J. Johnston award, Award recognizes efforts to promote human rights or fight corruption, Trudeau said it would be premature to lock in a spending anchor while the country is still dealing with the pandemic, A survey found short-term planning is becoming more important, The average client has $75,000 in assets and is saving for retirement, an MFDA report says, Here's your roundup of federal assistance for the Covid-19 crisis. More goes into the complex bonus calculation, however. Greg Braca, group head, U.S. Banking, TD Bank Group, and president and CEO of the U.S. TD Bank, made $5.3 million, down from $5.8 million in 2018. We aim to create a safe and valuable space for discussion and debate. Michael J. Pearson, Valeant’s former CEO, smashed the record for the top spot last year with $183 million in total compensation; this year Valeant’s new CEO, Joseph Papa, held on to the number-one ranking with $83 million.

© Copyright 2020 The Globe and Mail Inc. All rights reserved. TD will hold its annual general meeting April 2, 2020. These rates are effective from 1 September 2019. If you don’t consent, only necessary cookies will be used. We hope to have this fixed soon. Salaries are subject to tax, PRSI, the universal social charge, pension levy and pension contribution. Ultimately, TD arrived at a “business performance factor” for executive incentive pay at 98.8 per cent of bonus targets – the level Mr. Masrani received. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy. A request that the bank disclose the equity ratio used by the compensation committee to determine executive compensation. She saw a boost in total compensation to $6,295,000, from $4,950,000, Her bonus increased by $800,000 because her overall compensation target increased, and she received a special $750,000 stock award “in recognition of Ms. Currie’s performance and significant achievements in 2019.”. Sign up today. If you would like to write a letter to the editor, please forward it to [email protected]. TD said it missed its profit goal of just over $13-billion by more than $500-million. TD has an extensive retail banking network with about 1,250 branches stretching across the eastern United States.

Non-subscribers can read and sort comments but will not be able to engage with them in any way. Newcom Media Inc. We use cookies to make your website experience better. Readers can also interact with The Globe on Facebook and Twitter . A request that the bank set a diversity target of more than 40% for the composition of its board of directors for the next five years. A request that the bank set company-wide targets for reducing greenhouse gas emissions associated with its underwriting and lending activities and issue annual progress reports.

CEO Pay Ratio 98:1 Board of Directors in TD AMERITRADE HOLDING CORP For its 2018 fiscal year, TD AMERITRADE HOLDING CORP, listed the following board members on … Masrani started his banking career in 1987 as a Commercial Lending Trainee at TD. TD’s other executive officers made the following in 2019: Five of the bank’s 13 director nominees are women, or 38%. We'd like to use analytics and functionality cookies to help us improve it but we require your consent to do so. Audio for this article is not available at this time. And the TD board’s compensation committee can consider additional factors, as well, such as strategic initiatives. You need to update your browser.

(a)Payable to not more than two specified Ministers of State who regularly attend Government meetings. Welcome to The Globe and Mail’s comment community.

How two advisors are riding out the Covid-19 storm - and gaining clients. In some cases, members have waived receipt of some allowances so a presumption should not be made that all of the above allowances are paid. The bank’s first-quarter results suffered from a rare loss in its wholesale banking division amid volatile financial markets, and TD wrapped up the year with elevated provisions for loan losses as well as a $154-million restructuring charge.

Read more about our cookies. Teri Currie, group head, Canadian Personal Banking, TD Bank Group, made $6.6 million, up from $4.8 million in 2018. By contrast, 2019 brought more muted results at TD, bookended by choppy earnings in the first and fourth fiscal quarters. Will the market downturn prompt Canadian banks to up U.S. acquisitions? Similarly, a basic salary is paid to Senators from and including the date of election to the Seanad. A request that the bank inform shareholders of the investments it makes in IT over the next five years. Teri Currie, group head, Canadian Personal Banking, TD Bank Group, made $6.6 million, up from $4.8 million in 2018. Click here to subscribe.

Over the course of three decades, he went on to hold many senior executive roles across the bank, working in four different countries. The growth of ETFs and how they fit into client portfolios. TD earned $11.7 billion in its 2019 financial year, up from $11.3 billion the previous year. According to the proxy circular filed ahead of the bank’s annual meeting, TD says Bharat Masrani earned total compensation valued at $12.6 million in 2019. Greg Braca, group head, U.S. Banking, TD Bank Group, and president and CEO of the U.S. TD Bank, made $5.3 million, down from $5.8 million in 2018. One of the main drivers in the pay changes was a drop in annual cash bonuses after a so-so fiscal 2019. © Welcome to The Globe and Mail’s comment community.

Two years later, Masrani relocated to Mumbai, India where he set up TD's first office in that country. This is a space where subscribers can engage with each other and Globe staff. Your browser is out of date and some features of this web site may not display correctly. Your time is valuable.

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