Vantaggi
TD has become a stalwart of the Canadian economy over its 100 plus years of existence. It has been a pioneer in weekend banking, successfully penetrated and expanded into the lucrative US market and become a staple investment with consistent YoY returns and profit growth over the recent decades. Working at TD has become a badger of honor .. until recently
Svantaggi
In recent years, its success in the US market had led to some eye brow-raising side developments . One of the best known has been the well publicized Money laundering scandal. But a lesser know, if equally egregious failing has been its treatment of Canadian staff ( especially in TRCHONLOGY) . New senior leadership brought in from Wall Street and the wider US created a domino effect of hiring and promotions of ‘good ol’ boys all the way from the C-level through the layers of VP hierarchy down to the AVP and Senior manager level. Management numbers grew rapidly , while the complement of Canadian and minority talent took a nosedive. This went against the very core values that TD HR policy was supposed to stand for. Fortunately as CEO change took place following the expensive and embarrassing AML failings came to light, the reverse colonization itself started to be reversed. Hopefully these and other changes will help to restore sign of the soul of the old TD, but a lot of damage has been done and much repair and restoration will be required to this great Canadian brand.