MacIntyre had been an independent director of the board and a founder and partner emeritus at private equity firm Birch Hill Capital Partners. He will replace current board chair Alan MacGibbon, who took on the role in late 2023. (The Logic)

Talking point: Canada’s second-largest bank has spent the last year replacing its executive team and board after a money laundering scandal for which it was punished with limits on its growth in the U.S. and more than US$3 billion in fines. In addition to MacGibbon, five other board members stepped down in April, and CEO Bharat Masrani, who said he took “full responsibility” for the scandal, retired early, with new chief executive Raymond Chun replacing him in February. Other executive changes have included the appointment of a new chief auditor and new heads of U.S. commercial banking. The bank also cut $30 million from the bonuses it paid 41 current and former top executives to “reflect the seriousness” of the scandal.