Website: td.com/ca/en/personal-banking
Head office address (Canada): Toronto-Dominion Centre, 66 Wellington Street West, Toronto, ON M5K 1A2
Year established: 1855
Ownership structure: publicly traded, Canadian (TSX and NYSE: TD)
Target market/client profile: individuals, businesses, and institutional clients across Canada
Number of professional staff: more than 100,000 worldwide; around 70,000 in Canada
Canadian office locations: across all provinces and territories except Nunavut, with head office in Toronto
TD Bank Group is a publicly traded Canadian bank headquartered in Toronto with operations across North America. The bank serves more than 28 million clients through personal banking, wealth management, insurance, and wholesale banking divisions. TD runs a major internal pension and benefits program that draws close attention from HR professionals and plan sponsors across the country.
The Toronto-Dominion Bank traces its roots to 1855. That year, Toronto millers and grain merchants founded the Bank of Toronto to finance Canada’s agricultural trade.
Fourteen years later, a separate group of professionals chartered the Dominion Bank in 1869 to fund post-Confederation infrastructure. Both banks pushed westward over the following decades, reaching Winnipeg in 1897 and British Columbia by 1899. By the early 20th century, each had built a national branch network.
The two institutions merged in 1955 to form The Toronto-Dominion Bank. The newly combined bank started with 449 branches and roughly 4,700 employees across Canada.
That foundation gave TD Bank the scale to grow beyond traditional retail banking in the decades that followed. In 1984, TD launched Green Line Investor Services, one of Canada’s first discount brokerages, to serve self-directed investors.
In 2000, TD Bank acquired Canada Trust, a financial services firm with roots in London, Ontario going back to 1864. The deal brought millions of new retail clients to the bank and deepened its wealth management capabilities.
It also gave rise to the TD Canada Trust brand, which remains TD’s primary retail identity in Canada today. From there, TD expanded its wealth and insurance businesses into a division now serving more than six million clients throughout the country.
On the internal side, TD’s approach to employee benefits shifted considerably in the years that followed. The bank closed its defined benefit pension plan to new entrants after December 31, 2018.
Newer employees moved onto a defined contribution structure instead. In 2022, TD Bank expanded its family planning benefits to cover fertility treatments, surrogacy, and adoption costs. Each carried a $20,000 lifetime maximum, putting TD among a small group of large Canadian employers to offer that kind of support.
In February 2025, TD Bank sold its entire 10.1 percent stake in Charles Schwab Corporation. The sale generated net proceeds of $20 billion. The bank earmarked $8 billion for a share buyback program and directed the rest toward business growth.
TD Bank Group offers banking, wealth, insurance, and institutional products in Canada:
TD Asset Management (TDAM), the institutional investment arm of TD Bank Group, manages assets on behalf of pension funds, endowments, and foundations.
Raymond Chun has served as Group President and CEO of TD Bank Group since February 1, 2025. He previously served as COO of the firm and, before that, as Group Head of Canadian Personal Banking. Chun studied at the University of Western Ontario for his undergraduate degree and later earned an MBA from Queen’s University.
Chun leads a senior executive team that includes:
TD Bank Group’s board of directors had 14 members in 2025, the majority of whom are independent. Its Human Resources Committee monitors TD’s total rewards strategy, including compensation, pension, and benefits programs for the bank’s workforce.
TD Bank Group serves individuals, businesses, and institutional clients through its retail, wealth, insurance, and wholesale banking divisions. TD Canada Trust operates in all provinces and two territories, with the heaviest presence in:
TD Wealth serves more than six million clients through advice-based, self-directed, and asset management channels. Its private wealth management arm targets high-net-worth individuals and families, while TD Direct Investing serves self-directed retail investors.
On the institutional side, TD Bank Group reaches pension funds, endowments, foundations, and sovereign wealth funds through TD Global Investment Solutions (TDGIS). TDGIS represents the institutional asset management businesses of TD Bank Group globally, with Canadian operations run by TD Asset Management.
Plan sponsors and institutional investors can find TD Global Investment Solutions in our Money Managers Directory.
TD Bank Group has earned recognition for its workplace culture, sustainability, and accessibility programs. The bank also engages the industry through its subsidiaries and thought leadership work.
TD Bank Group says it targets $1 billion in community giving by 2030 through its TD Ready Commitment platform. The bank also runs the TD Ready Challenge, a North American grant program that was paused in 2025 pending a program review.
TD Bank Group engages the industry through its subsidiaries, including TD Asset Management. TDAM’s David Sykes contributed to Benefits and Pensions Monitor’s year-ahead outlook for 2025, covering the global economy and Canadian market conditions.
That coverage continued the following year. In February 2026, TDGIS partnered with BPM on a year-ahead feature for 2026. Sykes addressed rates, returns, and the economic outlook for plan sponsors and institutional investors.
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