By Connor Hart
Toronto-Dominion Bank named Jackie Sanjuas as its global head of financial crime risk management, succeeding Herb Mazariegos who will leave the bank while supporting a smooth transition, the company said Thursday.
Sanjuas' appointment comes after the bank said it would make sweeping changes including new chief executive officer, cuts to executive payouts and an overhaul of its board, as it looks to move past a costly money-laundering scandal.
In the role, Sanjuas will report to group head and chief risk officer, TD Bank Group, and to the U.S. chief risk officer. She will continue to serve as U.S. Bank Secrecy Act Officer, the company said.
Sanjuas joined the bank last January. She has more than 20 years of experience in compliance and risk management, including as chief compliance officer at Citi.
Last week, TD Bank said Raymond Chun will assume the company's top role roughly two months earlier than initially planned. Five long-serving directors will additionally leave the bank's board, while Alan MacGibbon plans to step down as chairman by the end of the year.
These changes follow a settlement with U.S. authorities in October after the bank pleaded guilty to multiple charges for failings in its anti-money-laundering controls, and agreed to pay $3.09 billion in fines and accept limits on its growth in the U.S.
TD Bank on Thursday also named Stephen Joyce interim head of financial crime risk management for the bank's Canadian and international operations. He will report to Sanjuas in the role.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
01-23-25 1807ET