New chief executive for TD Waterhouse UK

STOCKBROKER TD Waterhouse UK, which employs more than 400 people in Yorkshire, has confirmed Canadian Paul Whitehead as its new chief executive.

Mr Whitehead will take up the new position from September, subject to regulatory approval, and succeeds Angus Rigby who will be moving to Canada to take up the position of senior vice president, products and services at TD Wealth Management, a subsidiary of the TD Bank Financial Group.

Leeds-based TD Waterhouse employs 420 people in Leeds and 730 across the UK.

The company said in a statement: “As CEO, Paul will have an important role in driving the expansion of TD Waterhouse – a key growth business for TD Wealth Management – which has grown significantly under Angus’s leadership to become the UK’s number one execution-omly broker by retail market share.”

TD Waterhouse is owned by Toronto Dominion Bank.