That compared with total compensation valued at $15.3 million in 2018 when Masrani earned $1.3 million in salary, nearly $5.6 million in share-based awards, $4.6 million in option-based awards, a $2-million cash bonus, nearly $1.6 million in pension value and $89,000 in other compensation. Toronto-Dominion paid its investment-banking head Bob Dorrance $7.81 million for last year, down 2.9 per cent from fiscal 2014, according to the filing. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy. The amounts exclude pension values. Last October, TD confirmed reports it was eliminating jobs after a review, but it declined to say how many. © Box 500 Station A Toronto, ON Canada, M5W 1E6. The banks continued to churn out profits despite worries over stricter mortgage lending rules and trade uncertainty. According to the proxy circular filed ahead of the bank’s annual meeting, TD says Bharat Masrani earned total compensation valued at $12.6 million in 2019. Masrani, 59, received $1 million in salary, $4.22 million in share-based awards and $2.08 million of option awards as well as $1.7 million in incentive pay and $383,692 in other compensation, the Toronto-based bank said Tuesday in a regulatory filing. There are no executives at The Toronto-Dominion Bank getting paid more. How ETFs continue to transform the financial industry 30 years after launch, The latest appointment : Picton Mahoney Asset Management Welcomes Industry Leader Michael Lynds as Managing Director, Head of Retail Business, Tim Moseley appointed to two-year term as vice-chair, The CEO will leave the airline in February, The crypto crypto firm is seeking a digital asset listing on the CSE, Increased awareness of labour law could lead to more litigation regarding employment contracts for financial advisors, The RRSP dollar limit has also been updated, There are exceptions for cases of deliberate overcontributions or penalty waivers, Here's your roundup of federal assistance for the Covid-19 crisis. © 2020 Financial Post, a division of Postmedia Network Inc. All rights reserved. At one end of the spectrum, Scotiabank's stock had slipped roughly 11.3 per cent during that period from roughly $78 to $70. Canada's Big 5 bank CEOs pay rises 6.5% to $54M in 2018, Scotiabank hikes dividend despite slight dip in quarterly profit, CBC's Journalistic Standards and Practices. The chief executives of Canada's five largest banks collectively earned roughly $63.2 million in total compensation during the 2018 financial year, up about 12 per cent from the previous year. This advertisement has not loaded yet, but your article continues below. Gregory B Braca is President/CEO at TD Bank NA. While a double-digit overall pay bump may make some bat an eye, the increase in compensation reflects the complexities in the financial sector that these CEOs face, said Bill Vlaad, president of financial services recruitment firm Vlaad and Co., which also monitors compensation trends.
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