E*TRADE Announces the Appointment of Corporate Controller Brent Simonich to Chief Risk Officer
January 17 2020 - 8:05AM
Business Wire
Appointment follows the decision of former CRO
Paul Brandow to retire after more than a decade of service to the
firm
E*TRADE Financial Corporation (NASDAQ: ETFC) today announced
that Corporate Controller Brent Simonich will assume the Chief Risk
Officer role after Paul Brandow advised the Company of his decision
to retire, following over a decade of service to the firm. The
appointment of Mr. Simonich is effective immediately, while Mr.
Brandow has agreed to serve in an advisory capacity throughout the
transition.
“We are extremely fortunate to have such a proven and capable
leader as Brent on our bench, who will ably take the charge,” said
Mike Pizzi, Chief Executive Officer of E*TRADE Financial. “Brent is
a tried and true E*TRADE stalwart with deep knowledge of our
industry, our Company, and our risks and controls. His diligence,
integrity, and steadfast eye for detail will be tremendous assets
as he leads our risk function into the future.”
An E*TRADE veteran, Mr. Simonich joined the Company in 1999. He
has served E*TRADE in several leadership positions, most recently
as Corporate Controller, Principal Accounting Officer, and CFO of
E*TRADE Securities. Mr. Simonich has experience in finance and risk
and controls functions including risk management, accounting,
financial reporting, vendor oversight, due diligence and
acquisitions, and real estate and physical security. Prior to
E*TRADE he served as a Certified Public Accountant with Seiler LLP
where his focus was in audit and tax. He holds Series 27 and 99
designations, and earned his BS in Business from California
Polytechnic State University. Mr. Simonich assumes the role from
previous CRO Paul Brandow, who is retiring after a career of over
45 years in financial services, including more than 10 years at
E*TRADE.
“We are tremendously grateful to have had Paul serve our firm
for as long as he has,” continued Mr. Pizzi. “He has been an
incredible asset in building out a fulsome risk function that is
best in class, which is a result of Paul’s steady hand in guiding
its maturation. His influence will be felt throughout our
organization beyond risk, as he is a deeply respected source of
insight for the entire firm. We wish him the best in his
much-deserved retirement, and are grateful for his many
contributions.”
About E*TRADE Financial Corporation
E*TRADE Financial Corporation and its subsidiaries provide
financial services including brokerage and related products and
services to traders, investors, stock plan administrators and
participants, and registered investment advisors (RIAs). Securities
products and services are offered by E*TRADE Securities LLC (Member
FINRA/SIPC). Commodity futures and options on futures products and
services are offered by E*TRADE Futures LLC (Member NFA). Managed
Account Solutions are offered through E*TRADE Capital Management,
LLC, a Registered Investment Adviser. Bank products and services
are offered by E*TRADE Bank, and RIA custody solutions are offered
by E*TRADE Savings Bank, both of which are federal savings banks
(Members FDIC). E*TRADE Securities LLC, E*TRADE Capital Management,
LLC, E*TRADE Futures LLC, E*TRADE Bank, and E*TRADE Savings Bank
are separate but affiliated companies. More information is
available at www.etrade.com.
Important Notices
E*TRADE, E*TRADE Financial, E*TRADE Bank, E*TRADE Savings Bank,
and the E*TRADE logo are trademarks or registered trademarks of
E*TRADE Financial Corporation. ETFC-G
© 2020 E*TRADE Financial Corporation. All rights reserved.
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