TD Ameritrade Holding Corp. said Tuesday that President and Chief Executive Fred Tomczyk will retire next September and named an executive of Canadian TD Bank Group to replace him.

The brokerage named Tim Hockey, who is currently the chief executive of TD Canada Trust, to succeed Mr. Tomczyk after his retirement. Mr. Hockey, 52 years old, will also become president on Jan. 2.

Mr. Tomczyk, 60, joined the board of TD in 2006 after its acquisition of TD Waterhouse USA. He became operations chief in 2007 and was elevated to the CEO role in fall of 2008.

The brokerage has seen its trading activity boosted lately by volatility in global markets.

Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com

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(END) Dow Jones Newswires

November 10, 2015 09:45 ET (14:45 GMT)

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