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E*TRADE Financial Corp (ETFC.OQ)

ETFC.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Rodger Lawson

70 2016 Executive Chairman of the Board

Karl Roessner

49 2016 Chief Executive Officer, Director

Michael Pizzi

42 2015 Chief Financial Officer

Paul Brandow

2017 Chief Risk Officer

Lori Sher

2016 General Counsel

Michael Curcio

55 2015 Chief Brokerage Officer

Brett Goodman

2016 Chief Communications Officer

Kevin Kabat

60 2016 Lead Independent Director

Richard Carbone

69 2013 Independent Director

James Healy

66 2015 Independent Director

Frederick Kanner

74 2008 Independent Director

James Lam

56 2012 Independent Director

Shelley Leibowitz

56 2014 Independent Director

Rebecca Saeger

62 2012 Independent Director

Joseph Sclafani

68 2008 Independent Director

Gary Stern

72 2014 Independent Director

Donna Weaver

73 2003 Independent Director

Biographies

Name Description

Rodger Lawson

Mr. Rodger A. Lawson is Executive Chairman of the Board of the Company. He also served as the Company’s non-executive Chairman from May 2013 to September 2016 and Lead Independent Director from August 2012 to January 2013. Mr. Lawson is an experienced financial services executive who most recently served as President and Chief Executive Officer of Fidelity Investments – Financial Services from 2007 through 2010. Prior to joining Fidelity, Mr. Lawson served in several senior executive roles with Prudential Financial including Vice Chairman of Prudential Financial. He has held numerous other executive positions in financial services, including President and Chief Executive Officer of Van Eck Global, and Chief Executive Officer and Partner of Global Private Banking at Bankers Trust Company. Previously, Mr. Lawson was President and Chief Executive Officer of Fidelity Investments Retail Group and Chief Executive Officer of the Dreyfus Service Corporation. Mr. Lawson earned a B.A. from London University and a M.Sc. from Bradford University.

Karl Roessner

Mr. Karl A. Roessner is Chief Executive Officer, Director of the Company. He is an E*TRADE veteran and proven leader, Mr. Roessner sets the vision and strategic direction for the Company. He is also a member of the Board of Directors and is President of E*TRADE Bank, as well as a member of its Board of Directors. Prior to his appointment as Chief Executive Officer, Mr. Roessner served as General Counsel for E*TRADE Financial for more than seven years, overseeing all compliance and regulatory functions for the Company and its bank and brokerage subsidiaries. During that time, he also served as the Corporate Secretary to the Company's Board of Directors. Prior to joining E*TRADE, he was a partner in the Corporate Practice group of Clifford Chance US LLP, one of the world's leading law firms. There, he advised clients on negotiated public and private transactions, management and leveraged buyouts, capital raising activities, and corporate governance matters. Mr. Roessner earned his BA cum laude from Siena College and his JD cum laude from St. Johns University School of Law, where he was a member of the St. John’s University Law Review.

Michael Pizzi

Mr. Michael A. Pizzi serves as Chief Financial Officer of the Company. He is responsible for all finance and accounting functions for E*TRADE Financial, including financial reporting, planning, tax, treasury, as well as the Company’s investor relations, corporate communications, facilities and procurement functions. Mr. Pizzi has been with E*TRADE since 2003 and most recently served as the Company’s Chief Risk Officer. Prior to that he served as the Corporate and bank Treasurer, during which time he was responsible for all portfolio, capital and liquidity management. He also previously held various positions in E*TRADE’s portfolio management and derivatives functions. Before joining E*TRADE, Mr. Pizzi worked in asset/liability management at both Lehman Brothers and First Maryland Bank, as well as in capital markets research for the Federal Reserve Board. Mr. Pizzi earned a BA in Economics from Ursinus College, is a CFA charterholder, and holds the Financial Risk Manager (FRM) designation.

Paul Brandow

Mr. Paul W. Brandow is Chief Risk Officer of the Company. He was Chief Administrative Officer of the Company. He oversees E*TRADE’s Enterprise Risk Management function, as well as the Anti-Money Laundering and Compliance functions. Prior to this role, Mr. Brandow served E*TRADE in several leadership positions since joining the Company in 2008 including Senior Advisor, and Chief Administrative Officer. Mr. Brandow has more than 40 years of experience in financial services, coming to E*TRADE from JPMorgan Chase, where he last served as President, JPMorgan Securities Inc. In this role he was responsible for all operating activities of the broker-dealer and represented the firm in its relationships with regulators. Mr. Brandow also served as Chief Operating Officer of JPMorgan Investment Bank, Americas, of JPMorgan Global Institutional Equities and of Chase Global Markets. Prior to these appointments, he held a series of international leadership positions with Chase Manhattan Bank in Europe, South America and Asia. He earned an MBA from Harvard University and a BA from Hamilton College. He holds a Series 7 and Series 24. Mr. Brandow serves on the Boards of the University Settlement Society and The Door, two New York based social services organizations.

Lori Sher

Ms. Lori S. Sher is General Counsel of the Company. She manages the legal function for the Company and its bank and brokerage subsidiaries. She also serves as Corporate Secretary to the Company and its Bank Board of Directors. Leveraging her depth of experience in many areas of the law, including board advisory, corporate securities, corporate governance, M&A and financings, executive compensation, cybersecurity, and general corporate and regulatory matters, Ms. Sher is responsible for the oversight, guidance and direction of all of the Company’s legal matters. Ms. Sher has been with E*TRADE since 2005 and most recently served as the Company’s Deputy General Counsel. Prior to joining E*TRADE Ms. Sher was an associate in the corporate practice group of the international law firm, Holland & Knight LLP where her practice focused on advising technology companies on M&A and general corporate matters. Ms. Sher earned her BA from Emory University, her MS from American University and her JD cum laude from Tulane Law School.

Michael Curcio

Mr. Michael J. Curcio serves as Chief Brokerage Officer of the Company. He Curcio leads the retail brokerage business, including all Product, Digital Channels, all Marketing, and the Company’s Corporate Services channel. Prior to E*TRADE, Mr. Curcio was the CEO of Aperture Group, LLC, the parent company of OptionsHouse. A respected veteran of the online brokerage industry, he has a 20-year track record of releasing award-winning products, implementing customer retention strategies, and building cross-functional teams. Before joining Aperture Group and OptionsHouse, Mr. Curcio spent 11 years at E*TRADE, last serving as the head of the Company’s brokerage business, in addition to the corporate services and market making channels. Prior to E*TRADE, Mr. Curcio spent 15 years at TD Waterhouse, last serving as EVP of Customer Relationship Management. Mr. Curcio received a BS in Business from the State University of New York, at Plattsburgh. He previously served on the Board of Governors of the Philadelphia Stock Exchange (PHLX), now NASDAQ OMX PHLX.

Brett Goodman

Mr. Brett H. Goodman is Chief Communications Officer of the Company. He is responsible for executive and corporate interactions with the Company’s most important public and internal constituencies, including its owners, employees, media, analysts, and rating agencies. He serves as the Company’s lead representative on reputational risk, Investor Relations, crisis communications, and disclosure practices, and is a key resource to the Board of Directors. An E*TRADE veteran, Mr. Goodman joined the Company in 2005. Having steadily expanded his scope of responsibilities, he took charge of the Investor Relations function in 2008, Corporate Communications in 2013, Corporate Events in 2015, and brokerage Content and Education in 2016. Mr. Goodman received recognition for excellence in investor relations in 2015 and 2012, voted one of America’s Best IR Professionals in Institutional Investor Magazine’s annual survey. He studied at Fort Lewis College, in Durango, Colorado, holds a FINRA Series 7 license, and is a member of the National Investor Relations Institute (NIRI).

Kevin Kabat

Mr. Kevin T. Kabat is Lead Independent Director of the Company. He has been Lead Independent Director for the Company since September 2016 and a director since June 2016. He served as Chief Executive Officer of Fifth Third Bancorp from 2007 to 2015, where he was responsible for overseeing the strategic direction of the Company. Mr. Kabat also served as President of Fifth Third Bancorp from 2006 to 2012, Chairman from 2008 to 2010, and Vice Chairman from 2012 to 2016. Prior to these roles, Mr. Kabat served as Executive Vice President where he led both retail and affiliate banking. Prior to joining Fifth Third Bancorp, Mr. Kabat spent 20 years at Old Kent Bank (acquired by Fifth Third Bancorp in 2001), where he served as Vice Chairman and President. Mr. Kabat is a member of the Board of Directors of Unum Group and NiSource Inc. Mr. Kabat also serves on the Cincinnati Business Committee and the Executive Committee of the ArtsWave Board of Trustees. He also served as co-chairman of Cincinnati Children’s Hospital Medical Center’s “Change the Outcome” campaign and was chair of the United Way of Greater Cincinnati’s 100th anniversary campaign. He holds a B.A. in Behavioral Science from Johns Hopkins University and an M.S. in Industrial / Organizational Psychology from Purdue University.

Richard Carbone

Mr. Richard J. Carbone is Independent Director of the Company. He was formerly Chief Financial Officer of Prudential Financial, Inc. from 1997 through 2013, and served as Executive Vice President until retiring from that position in February 2014. Mr. Carbone brings nearly four decades of experience in financial services, having held senior finance office positions in both the banking and securities industries, including Managing Director and Controller of Salomon Brothers and Senior Vice President and Controller of Bankers Trust Company. He began his career at Price Waterhouse & Co. Mr. Carbone received an M.B.A. from St. John’s University and is a Certified Public Accountant. He was an officer in the United States Marine Corps from 1969 to 1972. Mr. Carbone is a member of the board of directors for Resolution Life Holdings and its indirect subsidiary, Lincoln Benefit Life. He is also a director on the board of a non-profit organization focused on helping disabled adults and indigent children.

James Healy

Mr. James P. Healy is Independent Director of the Company. He had a 25-year career in the Investment Banking arm of the Credit Suisse Group, where he served as Global Head of the Fixed Income Division from 2003 to 2007. Other leadership positions while at Credit Suisse included Global Head of Emerging Markets Group, and the Global Co-Head of Credit Suisse Financial Products, which housed the firm’s derivative businesses. Prior to joining Credit Suisse, Mr. Healy was as an economist at the International Monetary Fund, served as a consultant to the Organization for Economic Cooperation and Development, and as a visiting scholar at the Board of Governors of the Federal Reserve. He is currently the CEO of Capra Ibex Advisors, a registered Investment Advisor he founded in 2010 to provide investment and risk management advice to select financial institutions, including First Republic Bank and JPMorgan Chase. Mr. Healy is a member of the Board of Directors of Student Sponsor Partners, a New York City philanthropy serving 1,400 disadvantaged high school students, and served as its Board Chair from 2010 to 2014. He holds a B.A. in Economics from Stanford University, a M.Sc. in Economics from the London School of Economics, and a Ph.D. in Economics from Princeton University.

Frederick Kanner

Mr. Frederick W. Kanner is Independent Director of the Company. He is a retired corporate lawyer who advised corporations, boards of directors, and financial advisors in connection with merger and acquisition transactions, financings, and securities law issues, as well as matters of fiduciary duty and corporate governance. During his over 40-year legal career, he served as a partner and Of Counsel at Dewey Ballantine LLP (subsequently, Dewey & LeBoeuf LLP) where he was Chairman of Dewey’s Corporate Finance practice for more than 15 years and a member of its Management Committee for 20 years. Thereafter, Mr. Kanner served as Senior Of Counsel at Covington & Burling LLP. Mr. Kanner is a member of the board of directors of Financial Guaranty Insurance Company (where he serves as Chairman of the Compensation Committee) and National Benefit Life Insurance Company (where he serves as Chairman of the Audit Committee) and is a member of the board of trustees of The Lawyers’ Committee for Civil Rights Under Law. He received a B.A. in Economics from the University of Virginia and a J.D. from the Georgetown University Law Center.

James Lam

Mr. James Lam is Independent Director of the Company. He is currently President of James Lam & Associates, a firm focused on corporate governance and risk management, since January 2002. He previously served as Founder and President of ERisk, Chief Risk Officer of Fidelity Investments and Chief Risk Officer of GE Capital Markets Services, Inc. He is the author of the best-selling book, Enterprise Risk Management (Wiley, 2nd Edition, 2014). Mr. Lam graduated with a B.B.A. from Baruch College in 1983 and received an M.B.A. with honors from UCLA in 1989. In 2004, he was appointed Senior Research Fellow at Peking University. Mr. Lam has taught M.B.A. classes at Babson College and the Hult International Business School. He has also guest lectured at Harvard Business School. Previously, Mr. Lam served as Vice Chairman on the board of directors of ERisk and an independent director of Covarity.

Shelley Leibowitz

Ms. Shelley B. Leibowitz is Independent Director of the Company. She is currently a Technology Advisor. From 2009 through 2012, Ms. Leibowitz served as Group Chief Information Officer for the World Bank, where she was responsible for the technology services and capabilities that underlie the work of delivering quality knowledge and financing products to the Bank Group’s clients across the globe. Ms. Leibowitz managed the Bank Group’s cybersecurity program and served as a member of the Bank’s Pension Investment Committee. Previously, Ms. Leibowitz held Chief Information Officer positions at Morgan Stanley, Greenwich Capital Markets and Barclays Capital. Ms. Leibowitz also served as Board member and technology advisor for GAIN Capital, now listed on the NYSE. In 2002, Ms. Leibowitz received a Merit Award from the Women’s Bond Club of New York for career achievement and leadership in the financial industry. She graduated Phi Beta Kappa from Williams College with a B.A. in Mathematics. Ms. Leibowitz is currently an Advisor to security intelligence firm Endgame.

Rebecca Saeger

Ms. Rebecca Saeger is Independent Director of the Company. She served as Executive Vice President at Charles Schwab from 2004 through 2010, most recently as Chief Marketing Officer. Prior to joining Charles Schwab, she was Executive Vice President, Marketing at Visa U.S.A. Previously, Ms. Saeger was Senior Vice President and head of Account Management at Foote, Cone & Belding and Senior Vice President at Ogilvy & Mather. She has served on the board of directors as Chair of the Association of National Advertisers (ANA). She received a B.A. from Muhlenberg College and an M.B.A. from the Wharton School at the University of Pennsylvania.

Joseph Sclafani

Mr. Joseph L. Sclafani is Independent Director of the Company. He was formerly Executive Vice President and Controller of JPMorgan Chase & Co., responsible for corporate financial operations, regulatory reporting, financial accounting and reporting and accounting policies until December 2006. His 38 years of experience include 27 years at JPMorgan Chase & Co. and its predecessors. Mr. Sclafani also spent 11 years at KPMG as a certified public accountant. He earned a B.A. from St. Francis College in Brooklyn and completed post-graduate studies in finance at Bernard M. Baruch College.

Gary Stern

Mr. Gary H. Stern is Independent Director of the Company. He was President and Chief Executive Officer of the Federal Reserve Bank of Minneapolis from 1985 through 2009, the longest-serving president in the Bank’s history. He joined the Federal Reserve Bank of Minneapolis in 1982 as senior vice president and director of research. His prior experience included seven years at the Federal Reserve Bank of New York. Mr. Stern co-authored Too Big to Fail: The Hazards of Bank Bailouts, published by The Brookings Institution (2004). He holds an A.B. in Economics from Washington University in St. Louis, and an M.A. and Ph.D. in Economics from Rice University. He served on the Board of Directors of The Dolan Company from 2010 to 2014. He also currently serves on the Board of Directors of Standard and Poor’s Ratings, the FDIC Systemic Resolution Advisory Committee, the Ambac Assurance Corporation, The Depository Trust & Clearing Corporation, the National Council on Economic Education, and Hamline University.

Donna Weaver

Ms. Donna L. Weaver is Independent Director of the Company. She is a retired corporate financial executive and business owner. A Certified Management Accountant, Ms. Weaver received a B.S. in Economics and Finance from the University of Arizona and an M.S. in Management from the Stanford Graduate School of Business. Since 1986, Ms. Weaver has served on the boards of several public and private companies. Ms. Weaver is a member of the E*TRADE Bank board, a member and Chair of the Governance Committee and a member of the Audit Committee.

Basic Compensation

Name Fiscal Year Total

Rodger Lawson

1,962,600

Karl Roessner

4,575,130

Michael Pizzi

2,996,060

Paul Brandow

--

Lori Sher

--

Michael Curcio

8,737,780

Brett Goodman

--

Kevin Kabat

261,989

Richard Carbone

241,495

James Healy

265,448

Frederick Kanner

263,997

James Lam

270,997

Shelley Leibowitz

246,497

Rebecca Saeger

299,997

Joseph Sclafani

263,497

Gary Stern

235,997

Donna Weaver

285,975
As Of  30 Dec 2016