TD Bank said Jan. 29 that it combined its commercial and corporate and specialty banking teams into a new commercial bank.
With this change, the corporate and specialty banking teams, including asset based lending, equipment finance, institutional health care and higher education, commercial real estate and global trade finance, will join the commercial organization.
“Our Commercial Bank and Corporate and Specialty Banking teams have repeatedly demonstrated that they can deliver strong results together in any economic cycle,” said President and CEO Greg Braca in a prepared statement. “To continue their track record of success, we have merged these teams to build on their combined strengths and position them for long-term growth. Ultimately, it will help TD scale its core businesses and build the Commercial Bank of the future.”
Head of Commercial Bank Chris Giamo will lead the newly formed business. Marla Willner, who had led the bank’s corporate and specialty bank, will transition to leading commercial credit management for TD and other strategic initiatives.
Giamo joined the bank 23 years ago to lead its New Jersey middle market lending group. After growing and building the local middle market business, Giamo held positions of increasing responsibility in commercial and retail banking, including time spent as regional president for TD’s New York Metro region. He was named head of commercial bank in 2017.
Willner joined TD in 2000 and has served in various roles, including in investment banking, capital markets, sales and trading, and as head of credit management for corporate banking.
“This is an exciting opportunity to drive growth in our commercial banking division through highly competitive service lines and market expertise while delivering more of TD Bank to our more than 9 million customers across commercial and consumer banking,” said Giamo in a statement. “I’m honored to lead our combined team on behalf of our colleagues, customers and the communities we serve.”