TD AMERITRADE Holding Corporation (NASDAQ:AMTD) has realigned its management team to achieve more productivity and efficiency as the firm furthers its client segmentation strategy, becomes a more sales-focused organization and delivers on its integration goals.
"Our goal is to become THE company of choice for investors," said Joe Moglia, chief executive officer. "By more fully maximizing the strengths of our organization and management team, I feel confident that we will deliver on our growth strategy and integration, positioning us for even more success in 2007 and heading into 2008."
The following changes are effective immediately following the close of the Company's fiscal year ending September 29, 2006:
Chris Armstrong is assuming the role of chief strategy officer and will be responsible for marketing, client communications, corporate communications and public affairs, mergers and acquisitions, strategy and business planning. Previously Armstrong led sales and marketing for the firm and was president and chief executive officer of TD Waterhouse, USA. Armstrong continues as one of the four members of the executive management team serving in the Office of the Chief Executive.
Asiff Hirji is the Company's new president of the Client Group and is responsible for the retail and institutional businesses as well as the retail distribution network and the overall client experience. Hirji previously led technology, operations and business development efforts at the Company and led the technology integration through the Datek merger in 2002 and 2003. Hirji is also one of four members of the executive management team serving in the Office of the Chief Executive.
Randy MacDonald has been named chief operating officer and will be responsible for all operations, technology and administration functions, including, brokerage operations and project management. He continues to oversee human resources and real estate, as well as leading the Company's integration efforts. Previously MacDonald led financial operations at the firm and served as a key leader in eight previous merger and acquisition deals. MacDonald remains one of the four members of the executive management team serving in the Office of the Chief Executive.
Bill Gerber has been appointed chief financial officer and will direct investor relations, finance and treasury operations, including accounting, business planning and forecasting, external and internal reporting, tax, procurement and risk management. Gerber joined the Company in 1999 and has held increasing roles of financial responsibility throughout his tenure. He holds a B.B.A. in accounting from the University of Michigan and is a certified public accountant.
Larry Szczech will become an advisor to Randy MacDonald for the integration.
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About TD AMERITRADE Holding Corporation
TD AMERITRADE Holding Corporation, through its brokerage subsidiaries,1 provides a dynamic balance of investment products and services that further the Independent Spirit of individual investors. The Company's full spectrum of services include a leading active trader program and long-term investor solutions, including a national branch system, as well as relationships with one of the largest networks of independent registered investment advisors. The Company's common stock trades under the ticker symbol AMTD. For more information, please visit www.amtd.com.
This document contains forward-looking statements within the meaning of the federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws. In particular, any projections regarding our future revenues, expenses, earnings, capital expenditures, effective tax rates, client trading activity, accounts, stock price or anticipated benefits of the TD Waterhouse transaction, as well as the assumptions on which such expectations are based, and future operations are forward-looking statements. These statements reflect only our current expectations and are not guarantees of future performance or results. These statements involve risks, uncertainties and assumptions that could cause actual results or performance to differ materially from those contained in the forward-looking statements. These risks, uncertainties and assumptions include general economic and political conditions, interest rates, market fluctuations and changes in client trading activity, increased competition, systems failures and capacity constraints, ability to service debt obligations, integration associated with the TD Waterhouse transaction, realization of synergies from the TD Waterhouse transaction, effect on the new pricing structure, regulatory and legal matters and uncertainties and other risk factors described in our latest Annual Report on Form 10-K, filed with the SEC on Dec. 14, 2005, and in our Quarterly Report on Form 10-Q filed on August 8, 2006. These forward-looking statements speak only as of the date on which the statements were made. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
1TD AMERITRADE, Inc., member NASD/SIPC, receives clearing and custodial services from Ameritrade, Inc., member NASD/SIPC, and National Investor Services Corporation (NISC), member NYSE/SIPC. TD AMERITRADE, Ameritrade and NISC are subsidiaries of TD AMERITRADE Holding Corporation.
