TD Ameritrade Appoints Peter deSilva to Senior Executive Leadership Team
September 07 2017 - 3:00PM
Business Wire
Scottrade executive to lead Retail Distribution
upon acquisition, playing key role in integration plans
TD Ameritrade Holding Corporation (Nasdaq: AMTD) announced today
that Peter deSilva will join its senior executive leadership team,
the Senior Operating Committee, as president of Retail
Distribution. The appointment will be effective upon TD
Ameritrade’s acquisition of Scottrade Financial Services, Inc.
deSilva, who currently leads Scottrade’s retail business, has
more than 30 years of financial services experience, including
leadership roles in banking, wealth management, and brokerage. He
joined Scottrade in February 2016 for an opportunity to serve under
Founder Rodger Riney’s leadership at the highest level in the
organization.
“Adding Peter deSilva to our leadership team is the right move
for us as we begin work on a sizable integration,” said Tim Hockey,
president and CEO of TD Ameritrade. “Our new clients and employees
joining us from Scottrade will need to know that they have a voice
when key decisions are made. Peter will give us a strong cultural
link to Scottrade’s proud heritage that will be critical as we
bring these two companies together. We’re pleased to welcome him to
the team. It’s a win for employees and clients alike.”
In addition to deSilva’s appointment, TD Ameritrade is also
announcing today that its current head of Retail Distribution, Tom
Bradley, will be leaving the organization.
Bradley has played a considerable role in the growth and success
of TD Ameritrade over a career spanning 31 years. He spent a
majority of his time at the helm of the company’s Institutional
business, serving the needs of independent registered investment
advisors (RIAs). He built the business from the ground-up, becoming
a well-known and respected RIA advocate. In 2012 he was asked to
lead the Retail side of the business where his passion for client
service was reflected in numerous initiatives, from a strengthened
sales and service culture to the evolution of digital or “robo”
guidance solutions for investors, that helped improve Retail client
satisfaction and asset gathering across the firm.
“Peter and Tom are highly-qualified candidates,” Hockey
continued. “They both believe in our potential as a combined
company and what we want to do for our clients. It was a very
difficult business decision, but it was the right one, considering
the implications of the integration ahead of us, as well as the
plans we have for the long-term growth of this company. What Tom
has done for TD Ameritrade and, arguably, the broader wealth
management industry is incredible. I’ve known him for many years,
and I know he will be missed. We are grateful for his service and
wish him the very best.”
Source: TD Ameritrade Holding Corporation
About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment
advisors (RIAs) have turned to TD Ameritrade’s (Nasdaq: AMTD)
technology, people and education to help make investing and trading
easier to understand and do. Online or over the phone. In a branch
or with an independent RIA. First-timer or sophisticated trader.
Our clients want to take control, and we help them decide how -
bringing Wall Street to Main Street for more than 40 years.
TD Ameritrade has time and again been recognized as a leader
in investment services. Please visit TD Ameritrade's newsroom
or www.amtd.com for more information, or read our stories at Fresh
Accounts.
Brokerage services provided by TD Ameritrade, Inc., member
FINRA (www.FINRA.org)/SIPC (www.SIPC.org).
Safe Harbor
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 any projections or expectations regarding
the proposed business combination transaction between us and
Scottrade Financial Services, Inc., as well as the assumptions on
which such expectations are based, 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, but are not limited to:
general economic and political conditions and other securities
industry risks, fluctuations in interest rates, stock market
fluctuations and changes in client trading activity, credit risk
with clients and counterparties, increased competition, systems
failures, delays and capacity constraints, network security risks,
liquidity risks, new laws and regulations affecting our business,
regulatory and legal matters, the ability to obtain regulatory
approvals and meet other closing conditions to the proposed
transaction, including the completion of the merger between
Scottrade Bank and TD Bank, N.A., on the expected terms and
schedule; delay in closing the transaction; difficulties and delays
in integrating the TD Ameritrade and Scottrade businesses or fully
realizing cost savings and other benefits; business disruption
following the proposed transaction; changes in asset quality and
credit risk; the inability to sustain revenue and earnings growth;
changes in interest rates and capital markets; inflation; customer
borrowing, repayment, investment and deposit practices; customer
disintermediation; the introduction, withdrawal, success and timing
of business initiatives; competitive conditions; TD Ameritrade’s
and Scottrade’s businesses experiencing disruptions due to
transaction-related uncertainty or other factors making it more
difficult to maintain relationships with employees, customers,
other business partners or governmental entities; the inability to
realize synergies or to implement integration plans and other
consequences associated with mergers, acquisitions and
uncertainties and other risk factors described in our latest Annual
Report on Form 10-K, filed with the SEC on Nov. 18, 2016. 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, except to the
extent required by the federal securities laws.
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version on businesswire.com: http://www.businesswire.com/news/home/20170907006437/en/
TD Ameritrade Holding CorporationFor Media:Kim
Hillyer, 402-574-6523Director, Corporate
Communicationskim.hillyer@tdameritrade.com@TDAmeritradePRorFor
Investors:Jeff Goeser, 402-597-8464Director, Investor
Relationsjeffrey.goeser@tdameritrade.com
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