Canada’s TD Bank Group is continuing its US expansion, bringing in former Standard Chartered Americas private banking chief John Leto as head of its wealth business in the New York metropolitan area, Reuters reports.
Leto, a former chief administrative officer for Citigroup’s private bank, joined Standard Chartered at the start of 2010, according to a previous statement from Standard Chartered. Based in Miami, he was responsible for leading the business development, strategy implementation and growth of the private banking business in the Americas.
However, according to the report, he left the firm in March, following the sale of its Americas private bank to Banco Santander earlier this year.
In his new role, Leto told Reuters he will be responsible for acquiring investment management, estate planning and other wealth advisory business from millionaire clients within the firm’s commercial and consumer bank.
The firm could not be reached to confirm the details before publication.
In a similar move last month, the bank also appointed New York City-based Brandon Williams as senior vice president and head of TD Wealth.