08 February 2016

E*Trade puts former Barclays COO Paul Idzik in top job

18 January 2013  |  3462 views  |  0  silhouette business man walking with suitcase

E*Trade Financial has appointed former Barclays COO Paul Idzik as its new chief executive officer.

Idzik served 10 years at Barclays before quitting unexpectedly in May 2008, reputedly after a run-in with Barclays Capital chief Bob Diamond.

Considered something of an eccentric among Barclays staff, Idzik oversaw all key functional units, including information technology and operations, HR, corporate communications, sourcing and procurement.

The 51-year old, who was most recently group CEO of DTZ Holdings in London, moves to E*Trade as the company rebuilds its business in the aftermath of the 2008 subprime mortgage crisis. The company has been steadily offloading most of its international business units, including its UK brokerage operations, over the past few years, to concentrate on its core US market operations.

At E*Trade, Idzik steps into the shoes of chairman Frank Petrilli, who has been acting as interim CEO since August. Idzik was also named president of E*Trade Bank.

Of his appointment, Idzik says: "E*Trade has great strengths, from its iconic brand to its industry-leading technology and its world-class product and service offerings. These will serve the company well as we work to grow the franchise and deliver value to shareholders."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

19 November, 2012
09 August, 2011
25 July, 2011
11 February, 2005

Related company news


Top topics

Most viewed Most shared
Fintech rising: Resistance is futile, says...
11444 views comments | 51 tweets | 44 linkedin
Digital transformation driving earnings at...
9914 views comments | 47 tweets | 39 linkedin
Visa opens up to developers
8134 views comments | 23 tweets | 41 linkedin
ECB eyes up European P2P payments
8009 views comments | 29 tweets | 39 linkedin
It may take ten years, but blockchain tech...
6776 views comments | 21 tweets | 19 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job