SLOW HANDOFF? Masrani (left) and Clark downplayed concerns that the transition period will be too long. "Everything we do is measured and well considered," Masrani said.

Trained in the USA: Masrani Pick Signals Where TD's Growth Plans Lie

Toronto-Dominion will promote U.S. head Bharat Masrani to CEO once Ed Clark retires in late 2014. Organic growth and selective M&A — especially in the U.S. — will remain priorities during the lengthy transition period, the executives of the Canadian company said.

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