TD Bank Financial Group announced a series of senior executive moves on Thursday.

The bank said the shake up would better position it to build the leading Canadian based North American financial services company.

The announcement was made following a meeting of the bank’s board of directors.

“These executive moves and subsequent realignment of responsibilities will allow TD Bank Financial Group to leverage the exceptional depth of experience of our management team in order to strategically position our organization for future growth and continued shareholder return and customer value,” said chairman and CEO Charles Baillie.

Don Wright, will become deputy chair of TDBFG in addition to his current role as chairman and CEO TD Securities. He will also now be responsible for TD Waterhouse outside of Canada.

Andrea Rosen will become vice chair TDBFG and will take on leadership of the bank’s personal and commercial bank as President TD Canada Trust.

Tom Spencer will become vice chair TDBFG Corporate and have responsibility for Audit, Finance, Legal, Compliance and Risk Management.

Fred Tomczyk will become the vice chair TDBFG Corporate Operations, responsible for Human Resources, Economics, Information Technology, Premises, Government Relations and Internal Communications.

Bernie Dorval, currently executive vice president TDBFG, will also take on the title of deputy chair TD Canada Trust. Dorval will continue to be responsible for the retail product groups.

Riaz Ahmed will become executive vice president TDBFG and continue to be responsible for the finance and corporate services areas of TD’s corporate and investment bank as chief administrative officer and CFO of TD Securities.

Tim Hockey will take on responsibility for the TD Canada Trust branch distribution network as executive vice president TDBFG Retail Distribution.

Bharat Masrani will become executive vice president TDBFG eBank and TD Waterhouse International taking on leadership of eBank in addition to his current responsibility for TD Waterhouse internationally.

The changes are effective June 10.

“When we announced the appointment of Ed Clark as President and Chief Operating Officer of TDBFG in July 2000 I indicated that he would take on additional responsibilities once the integration of Canada Trust was completed. Today’s announcement reflects the fact that our successful merger that resulted in the creation of TD Canada Trust is now complete and Ed is becoming responsible for all of our operating businesses as well as Corporate Operations. Risk management and finance operations will report directly to me.” noted Baillie.