People Moves

TD Bank Wealth Unit Hires Senior Trio

Sandra Kilhof Reporter 7 August 2013

TD Bank Wealth Unit Hires Senior Trio

In a move to expand the firm’s East coast presence, TD Wealth Private Client Group, the wealth management unit of TD Bank, has made three senior appointments to its' private banking offices.

Steven C. Truitt and Sherry A. Varrelman have been hired as senior vice president and regional wealth leader for the Metro DC region and for the Pennsylvania, Southern New Jersey and Central New Jersey Region respectively, while Michael Iacobucci has been promoted to senior vice president and regional wealth leader for Northern New England.

In their respective roles, the trio will be responsible for managing and growing TD’s wealth management business in the aforementioned markets, each leading a team of wealth professionals in providing private banking, lending, investment and trust solutions to clients. The move is part of TD Wealth’s expansion strategy for the US business to grow its pool of clients across the firm’s footprint from Maine to Florida.

Truitt has 30 years of banking experience. Prior to joining TD Wealth, he served as senior vice president and managing director at SunTrust Private Wealth Management, where he led the Northern Virginia/ Washington, D.C., regional wealth services team.

Varrelman has served in the Wealth Management Group of BNY Mellon as managing director and market president for New Jersey, having previously worked in a similar role at Wachovia.

Iacobucci has been promoted from his position as a relationship manager for TD Wealth in the Boston market, having previously worked at SunTrust Private Client Services and Wachovia Wealth Management.

The TD Bank Group currently has CDN$826 billion ($792.5 billion) in assets, as of April 30, 2013.

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