TD Securities Has One Fewer Female Executive as Gender Gap Grows

Linda Lavin, one of TD Securities’ highest-ranking female executives is retiring, widening the gender gap at the top of the investment bank.

Lavin retired from TD Securities in New York after 35 years at the bank, most recently as head of global corporate banking, according to a spokesperson. Her departure follows that of Sharon Kim, who retired last year from her position as executive manging director and regional head of Europe.

Women now comprise about 10% of executive managing directors at TD Securities, the investment banking and capital markets arm of Toronto-Dominion bank, according to people familiar ...