Monday, E*TRADE FINANCIAL Corp. (ETFC) announced that Joseph Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, LLC, has joined the Board of Directors of E*TRADE FINANCIAL Corporation and the Board of Directors of E*TRADE Bank. The election of Joseph Velli to E*TRADE Board of Directors is effective January 25, 2010. The company said that Velli's appointment fills the open board seats formerly held by Donald Layton who retired at the end of 2009.
Velli has held a variety of financial leadership positions during his career, including serving as Senior Executive Vice President of The Bank of New York and Chief Executive Officer of BNY Securities Group. During his tenure with the Bank, Velli's responsibilities also included heading Global Issuer Services, Global Custody and related Investor Services, Consumer Banking and Global Marketing and Sales.
"Joe is a highly respected financial services executive with a rare mix of consumer banking, global securities processing, sales and marketing, and electronic trading expertise. E*TRADE is fortunate to have Joe's experience and guidance as we embark on our next phase of growth," said Robert Druskin, Chairman and interim Chief Executive Officer, E*TRADE FINANCIAL Corporation.
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