Ameritrade announced it will appoint
TD Waterhouse executive Tom Bradley to heads its independent advisory
services business as part of its acquisition of TD Waterhouse.
Bradley currently fills the same role as president
of TD Waterhouse Institutional Services and executive vice president of
TD Waterhouse Group Inc. He has more than 20 years experience in the
financial services industry.
He will replace Jim Wangsness, who has been in charge of Ameritrade's
independent advisory services unit since March 2002.
Wangsness remains with Ameritrade but the company
currently has no comment on what his role will be upon the appointment
of Bradley, Ameritrade spokeswoman Katrina Becker said.
The change in leadership is pending the closing of
Ameritrade's purchase of TD Waterhouse, which was announced by the
companies in June. Ameritrade plans to buy TD Waterhouse USA from
Canada's Toronto-Dominion Bank for $2.9 billion in stock and merge the
two companies into TD Ameritrade.
The deal is still scheduled to close by the end of the year, Becker said.
As part of the merger, Ameritrade also announced
that John Bunch, who currently serves as TD Waterhouse's executive vice
president of branch distribution, will head the branch network and
investment centers for TD Ameritrade.
Upon the completion of the acquisition, the Jersey
City, N.J., call center operated by TD Waterhouse, will be relocated to
Ameritrade's call center in Fort Worth, Texas.
"Tom and John bring exceptional leadership and
strategic insight to Ameritrade that complements the strength of our
current management team," Joe Moglia, chief executive of Ameritrade,
said in a statement.