Bruce Cooper will remain with TD Bank in an advisory role as vice-chair of TD Wealth until the end of 2026.
TD Asset Management has named David Sykes as its next chief executive officer, as Bruce Cooper announces his departure after a 32-year career at the investment management arm of Toronto-Dominion Bank TD-T.
TD said in a company memo Wednesday that Mr. Cooper, who is also the CEO of global institutional asset manager TD Epoch, will retire from both roles effective April 30, 2026. At the same time, Mr. Sykes, who is TD Asset Management’s current chief investment officer, will assume both roles from Mr. Cooper on May 1.
Over the past year, TD has shaken up its leadership team in a number of areas, including wealth and capital markets, with Tim Wiggan named president and CEO of TD Securities, and Paul Clark appointed senior executive vice-president of wealth management.
TD Asset Management’s current chief investment officer David Sykes will take over as CEO in May.Supplied
Mr. Sykes first joined TD Asset Management in 1999. In 2021, he was appointed chief investment officer after leading the public equities team for seven years. Justin Flowerday, the current managing director and head of public equities for TD Asset Management, will replace Mr. Sykes as CIO, on May 1.
Mr. Cooper will remain with the bank in an advisory role as vice-chair of TD Wealth until the end of 2026.
“Bruce’s remarkable career has spanned 32 years at TD Asset Management and for the past three-plus decades, he and his team have provided innovative solutions to the Canadian market,” Mr. Clark wrote in the memo.
During his tenure, Mr. Cooper led the acquisition and integration of Regina-based Greystone Capital Management Inc. in 2018, as well as the relaunch of the bank’s exchange-traded fund business in 2019.