Bharat Masrani
| Bharat Masrani | |
|---|---|
| Born | May 26, 1956 |
| Residence | Canada, Uganda, United Kingdom, India, United States |
| Nationality | Canadian |
| Occupation | Group President and Chief Executive Officer of TD Bank Group (also known as Toronto-Dominion Bank) |
| Known for | 7th on The Maclean's 2014 Power List: Top 15 |
Bharat Masrani (born May 26, 1956) is the Group President and Chief Executive Officer of the Toronto-Dominion Bank (also known as TD Bank Group). Masrani was appointed to this role on November 1, 2014. Prior to this appointment, he was Chief Operating Officer, a role he held since July 2013.
Masrani is of Indian descent and was raised Hindu. He was born in Uganda, a country that his family fled from. Masrani graduated with Honours from York University in 1978 with a Bachelor of Administrative Studies. He earned his Master of Business Administration from the Schulich School of Business, York University in 1979.
Masrani started his banking career in 1987 as a Commercial Lending Trainee at TD. Over the course of three decades, he went on to hold many senior executive roles across the bank, working in four different countries. In 1993, he was appointed Head of Corporate Banking in Canada. Two years later, Masrani relocated to Mumbai, India where he set up TD's first office in that country. In 1999, Masrani moved to London, England to lead TD's discount brokerage business TD Waterhouse in the UK as Senior Vice President. Masrani returned to Toronto in 2003 as Vice Chair and Chief Risk Officer of TD Bank Group.
When TD expanded into the US with the acquisition of Banknorth in 2006, he moved to Portland as President of TD Banknorth. A year later, Masrani became President and Chief Executive Officer, TD Banknorth. In 2008, TD acquired Commerce Bancorp and integrated TD Banknorth to become TD Bank, N.A. Masrani became Group Head, US Personal and Commercial Banking and CEO of TD Bank, N.A..
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