TD Bank Financial Group Announces Appointment of Mike Pedersen As Group Head, Corporate Operations

    TORONTO, June 5 /CNW/ - Further to an announcement from TD AMERITRADE
Holding Corporation earlier today that Fred Tomczyk will be leaving TD Bank
Financial Group (TDBFG) to join TD AMERITRADE, TD today announced the
appointment of Mike Pedersen as Group Head, Corporate Operations, effective
July 16, 2007.
    "Mike has an excellent record in his more than 18 years in the financial
services sector, both in Canada and internationally. His ability to get things
done in the businesses that he has led and his proven ability to deliver
results makes him a valuable addition to TD's Senior Executive Team," said Ed
Clark, President and Chief Executive Officer, TDBFG.
    Mr. Pedersen brings extensive business and leadership skills to his new
role where he will be responsible for Corporate Services, Corporate and Public
Affairs, Technology Solutions, Marketing and Economics. He will report to Ed
    Mr. Pedersen comes to TDBFG from Barclays in the UK where he was
responsible for their global private banking business and two other
international businesses. Prior to Barclays, Mr. Pedersen served in a number
of executive capacities at a major Canadian bank. His previous positions
included Senior Executive Vice President, Retail and Small Business Banking
and Executive Vice President, Branch Banking.
    He graduated from the University of British Columbia in 1984 with a
Bachelor of Commerce degree and obtained his Masters of Industrial Relations
from the University of Toronto in 1988.
    Mr. Pedersen is a past Chairman of the Canadian Bankers Association, has
held several leadership positions with charitable organizations and was a
Recipient of Canada's Top 40 Under 40 award in 1998.

    About TD Bank Financial Group

    The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group serves more than 14 million
customers in four key businesses operating in a number of locations in key
financial centres around the globe: Canadian Personal and Commercial Banking
including TD Canada Trust; Wealth Management including TD Waterhouse and an
investment in TD Ameritrade; Wholesale Banking, including TD Securities; and
U.S. Personal and Commercial Banking through TD Banknorth. TD Bank Financial
Group also ranks among the world's leading on-line financial services firms,
with more than 4.5 million on-line customers. TD Bank Financial Group had
CDN$397 billion in assets, as of April 30, 2007. The Toronto-Dominion Bank
trades on the Toronto and New York Stock Exchanges under the symbol "TD".

For further information:

For further information: Neil Parmenter, TDBFG Corporate Communications,
(416) 982-4285

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