One of the top executives at Toronto-Dominion Bank’s securities division has decided to leave the bank, with his departure coming almost five years after rejoining the firm in a revamp designed to reduce risk.

Mark Faircloth will leave the bank, where he is head of the foreign exchange and interest rates business on April 30, a spokesman for the bank confirmed. He will be replaced by Moti Jungreis, who will assume the title of vice chair and head of global rates and foreign exchange.