TD Paid Ex-CEO $2.2 Million to Advise on Compliance Efforts

Toronto-Dominion Bank paid former Chief Executive Officer Bharat Masrani C$3 million ($2.2 million) last year to advise on its anti-money-laundering remediation efforts.

Masrani, who was succeeded by Raymond Chun in February 2025, “continues to receive certain health and other benefits, office and administrative support,” TD said Tuesday in a proxy filing. Masrani’s total compensation for the year was C$3.6 million.