TD CEO Masrani’s 2023 pay was lower over US regulatory issues, First Horizon deal

Masrani, who also headed TD's U.S. operations before taking the CEO role, is behind the bank's ambitious U.S. expansion strategy as it looks for growth opportunities outside of home. The $13 billion First Horizon deal, which would have given TD access to 12 states across the Southeast U.S., was called off after a long wait for regulatory approvals last year.