TD Bank Group said on Friday CEO-designate Raymond Chun would be appointed to the role on Feb. 1, months earlier than initially planned, and slashed the salary of 41 executives, including its outgoing chief.

Toronto-Dominion Bank moved up the start date for its new chief executive officer, Raymond Chun, by two months and slashed executives’ pay in the wake of its historic and costly money-laundering scandal.

TD, whose U.S. operations are based in Cherry Hill, is cutting the pay of 41 executives following massive penalties related to issues with its U.S. anti-money laundering controls.

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