Toronto-Dominion Bank is promoting Dan Charney to president of its capital-markets business as Larry Wieseneck plans to step down as head of corporate and investment banking next year.
Leadership Changes at TD Securities
Charney, who is currently head of TD Securities’ global markets business, will continue in that role and also take on global research and senior relationship management, according to a memo Tuesday from Tim Wiggan, the chief executive officer of TD Securities and group head of wholesale banking at the firm. Charney will continue to report to Wiggan, according to the memo.
Meanwhile, Wieseneck will become chairman of TD Securities after deciding “to start a new phase in his career,” Wiggan said.
“Larry will continue to provide strategic counsel, strengthen key client relationships, and help shape the priorities that will define our next phase of growth,” Wiggan said.
Background of Charney and Wieseneck
Charney and Wieseneck both joined the Canadian lender when it acquired Cowen Inc. in 2023 and quickly gained significant influence within the capital-markets franchise.
“Dan has accelerated the integration of TD Cowen, extended our capital markets leadership, and strengthened our ability to compete and win,” Wiggan said in the memo, adding that Charney will be responsible for “maximizing the collective capabilities” of the TD Securities business.
Other Promotions and Effective Dates
Geoff Bertram, who’s been with TD for more than two decades, will step into Wieseneck’s role as head of corporate and investment banking. All of those changes are effective Jan. 1.
TD also promoted Lisa Thomas to head of global research in a move that takes effect immediately. She will report to Charney and replace Robert Fagin, who has decided to shift to a senior adviser position, the memo said. The Globe and Mail earlier reported the changes.
