Ameritrade Holding Corporation (Nasdaq:AMTD) today announced the realignment of certain management team functions and related changes to three executives' roles.
The following organizational changes are effective immediately.
Asiff Hirji is assuming the role of Chief Operating Officer and is responsible for leading the operations and business development efforts at the Company. He will continue to oversee the Company's information technology initiatives and will continue to serve as its Chief Information Officer until a new CIO is appointed.
Randy MacDonald is adding several duties of the Chief Administrative Officer to his responsibilities while maintaining his position as the Company's Chief Financial Officer. As a result, he will now oversee the human resources, facilities and corporate communications departments in addition to regulatory reporting, business reporting, risk management and company-wide fiscal management. He will also lead the Company's team planning the integration with TD Waterhouse Group, Inc.
Ellen Koplow, Ameritrade's General Counsel, is adding the administration of the Corporate Audit function to her responsibilities and will continue to lead the legal and compliance departments at the Company.
"We have an exceptional management team that continuously demonstrates the ability to be nimble and embrace new challenges in order to quickly take advantage of opportunities in the industry," said Joe Moglia, chief executive officer. "We are completely focused on pursuing our current business strategy, including a successful closing and integration with TD Waterhouse."
The Company may also make other adjustments related to integration planning in connection with the proposed acquisition of TD Waterhouse Group, Inc., but those decisions will be made later.