Mr. Tim Wiggan reports

TD SECURITIES ANNOUNCES SIGNIFICANT EXPANSION OF ITS GLOBAL FINANCIAL INSTITUTIONS GROUP

Toronto-Dominion Bank has significantly expanded its global financial institutions group (FIG) investment banking coverage in the United States as well as other product areas, including equity sales, equity capital markets, debt capital markets and equity research. With these additions, the TD Securities global FIG team will offer a full suite of products and services to a growing group of financial institutions clients.

The expanded global FIG investment banking team will be co-led by managing directors Geoff Bertram in Toronto and Jim Spencer in New York. Mr. Bertram brings more than 23 years of experience in North American capital markets, including 12 years with TD Securities' equity capital markets group. Mr. Spencer brings more than 25 years of experience, most recently at Credit Suisse, where he was head of Americas for the financial institutions group since 2014.

Michael Giudice, Alston Lambert, Arvind Sriram, David Stolzar, Eric Tell and Taryn Widen also join the global FIG investment banking team.

"We are thrilled to announce our expanded global FIG business and the growth of our offerings across North America," said Tim Wiggan, co-head of global investment banking at TD Securities. "Geoff, Jim and the entire team bring decades of industry knowledge and deep expertise that will be instrumental in the group's success."

"The growth of our global FIG team is a tremendous step for the combined TD Cowen and TD Securities platforms," said Larry Wieseneck, co-head of global investment banking at TD Securities. "Tim and I are excited to watch the team continue to build its financial institutions business, delivering a full suite of solutions to our clients."

As part of this expansion, TD Securities has also made key hires across its global markets and research teams. Scott Smith joins as managing director, equity sales. Bill Katz, Andrew Kligerman and Moshe Orenbuch join as senior research analysts.

About Toronto-Dominion Bank

TD is the sixth-largest bank in North America by assets and serves over 27.5 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian personal and commercial banking, including TD Canada Trust and TD Auto Finance Canada; United States retail, including TD Bank, TD Auto Finance U.S., TD Wealth (U.S.) and an investment in The Charles Schwab Corp.; wealth management and insurance, including TD Wealth (Canada), TD Direct Investing and TD Insurance; and wholesale banking, including TD Securities and TD Cowen. TD also ranks among the world's leading on-line financial services firms, with more than 16 million active on-line and mobile customers. TD had $1.96-trillion in assets on Oct. 31, 2023.

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