The Globe and Mail reports in its Wednesday edition that Toronto-Dominion Bank is naming new co-heads for its investment banking business, appointments triggered by the surprise departure of a senior executive late last year. The Globe's Tim Kiladze writes that Geoff Bertram and Parker Weil will now jointly run TD's investment banking division, which falls under the bank's securities dealer, TD Cowen. Mr. Bertram, a respected TD veteran, lives in Toronto, while Mr. Weil, who joined Cowen Inc. in 2018, lives in New York. TD purchased Cowen for $1.3-billion (U.S.) in 2022. TD tapped new leaders because its previous investment banking co-head, Tim Wiggan, was promoted to the group executive level as part of an executive shuffle in December. At the time, TD's head of Canadian personal banking, Michael Rhodes, announced his surprise departure, so TD elevated Mr. Wiggan to head of wealth management and insurance, and moved the previous head of that division, Raymond Chun, to Canadian personal banking. As part of the new capital markets changes, Larry Wieseneck, TD's head of corporate and investment banking business globally, has rejigged the unit's executive committee. TD has been beefing up its New York presence.