The U.S. mortgage banking subsidiary of The Toronto-Dominion Bank has hired a seasoned executive with nearly three decades in financial services to run the unit.

A news release Wednesday from TD Bank indicated that Rick Bechtel has been appointed executive vice president, head of U.S. mortgage banking.

Bechtel, who joined the Cherry Hill, New Jersey-based organization in October, reportedly has more than 27 years of banking and management experience.

Source: Mortgage Daily