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TD Ameritrade appoints new executive team

08 November 2005  |  2182 views  |  0 Source: Ameritrade

Ameritrade Holding Corporation (NASDAQ:AMTD) today announced several planned executive appointments to lead the combined company of TD Ameritrade following the closing of the Company's acquisition of TD Waterhouse.

Randy MacDonald will continue in his role as chief financial officer and chief administrative officer, and Asiff Hirji will remain chief operating officer for TD Ameritrade. Both MacDonald and Hirji will continue serving in an advisory and strategic capacity in the Office of the Chief Executive (OCE) with Chief Executive Officer Joe Moglia.

They will be joined by Chris Armstrong, who will assume the new role of executive vice president, sales and marketing and will lead the evolution of the combined company into a sales and marketing organization, including a comprehensive branch network and registered investment advisor business.

Armstrong is currently acting president and chief executive officer at TD Waterhouse. Previously he was vice chair, sales and marketing at TD Waterhouse and chairman, president and CEO at TD Waterhouse Bank, N.A. Armstrong joined TD Bank Financial Group in 2000 after more than ten years experience in financial services marketing. Armstrong received his B.A. degree from University of Virginia and earned an MBA with honors from American University.

Laurine Garrity who is currently vice president, marketing program development at Ameritrade, Inc. will become chief marketing officer for the combined company and will report to Chris Armstrong. Anne Nelson, the current chief marketing officer at Ameritrade will continue to serve the firm in an advisory and consulting capacity.

Garrity, who has been with the Company since January 2005, has 14 years of marketing experience in the financial services industry. Previously she held various marketing leadership and management roles in the mutual funds industry and most recently served as executive vice president for the marketing division at the Dreyfus Corporation. Garrity received her B.A. degree from Barnard College, Columbia University and holds Series 7 and 24 licenses.

Larry Szczech will be appointed president of the Client Group at the Company where he will continue to lead the strategic direction of the client experience. This includes overseeing client segmentation initiatives and the delivery of client-driven products and services aimed to provide a superior, value-priced client experience. He will report directly to Joe Moglia.

"As we move from a marketing to a marketing and sales-driven organization, I have every confidence that the expertise of our new management team will guide us through a successful integration and into our next level of growth," said Joe Moglia, chief executive officer. "I would also like to commend Anne Nelson for the contributions she has made, and am delighted that she will continue to work with us in an advisory role."

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