A TD bank logo in Toronto.Chris Helgren/Reuters
TD Securities is parting ways with its co-head of global markets, Chris Vogel, marking another significant change to its senior ranks this year.
Mr. Vogel, who is based in New York, co-ran the global-markets group alongside Dan Charney. Global markets oversees all trading activity, including equities, fixed income, currencies and commodities. Going forward, Mr. Charney will be the sole head of the group.
The departure marks another shakeup in the senior ranks of the trading division. In January, Jason Cope, the former global head of fixed-income trading who had been with the bank for 15 years, left to run fixed income at Polar Asset Management.
Mr. Vogel joined TD TD-T in 2017 from BlackRock as head of global foreign exchange and took on increasingly senior roles. In 2021, he was named co-head of global markets alongside Tim Wiggan.
In the years since, TD bought American investment bank Cowen & Co. and has had to integrate its U.S. division with Cowen employees. Mr. Charney, the new sole head of global markets, was formerly president of Cowen.
Mr. Wiggan, meanwhile, is now head of TD Securities. After co-running global markets, he became co-head of investment banking, and from there he was tapped to run TD’s wealth-management arm.
However, he was moved back to TD Securities as its leader in the fall of 2024, after only 10 months, because the group’s former head, Riaz Ahmed, retired.
Around this time, TD announced significant changes to its leadership, including a new chief executive officer, Ray Chun. TD also revamped its board of directors after the bank pleaded guilty to conspiracy to commit money laundering in the United States.
Mr. Vogel will remain with TD as a special adviser until October.