TD Ameritrade completes clearing conversion; names Finn interim CIO

Source: TD Ameritrade

TD Ameritrade Holding Corporation (NASDAQ:AMTD) is pleased to announce that its conversion of 2.7 million TD Waterhouse clients to one clearing platform, the largest such conversion in the history of the online brokerage industry to date, is now complete.

As a result, the Company's more than six million retail accounts now have access to one, unified client experience.

"We are excited to provide clients a more robust investing experience that includes integrated portfolio allocation tools, expanded research offerings and an online fixed-income center," said Joe Moglia, chief executive officer. "This virtually seamless transition has combined all of our clients on one backbone and further advances the execution of our client segmentation strategy."

Kevin Finn who has been with the Company since 1993, and who most recently led the day-to-day product and technology integration efforts for the conversion, has been named interim chief information officer. Jerry Bartlett, chief information officer, will be leaving the company to pursue another opportunity. Bartlett has been with the firm for more than eight years and led the Company's seven previous technology integrations, as well as its applications and development group, prior to becoming CIO in 2005.

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