TD Ameritrade CFO Bill Gerber to Retire at the End of Fiscal 2015

One of the biggest online Stock Brokers Stock Brokers A stock broker is a company, individual, or entity that is authorized to buy and sell stocks or other financial instruments. Brokers’ main function includes buying and selling orders on a trader’s behalf. Through innovation and a byproduct of us residing with the technology era, more and more traders are beginning to open brokerage accounts with online brokers.In the past, many brokers accrued money through charging a commission on every trade but as competition has strengthened and technology h A stock broker is a company, individual, or entity that is authorized to buy and sell stocks or other financial instruments. Brokers’ main function includes buying and selling orders on a trader’s behalf. Through innovation and a byproduct of us residing with the technology era, more and more traders are beginning to open brokerage accounts with online brokers.In the past, many brokers accrued money through charging a commission on every trade but as competition has strengthened and technology h Read this Term in the U.S., TD Ameritrade (NYSE:AMTD), announced that after 16 years with the company, its long running Chief Financial Officer (CFO) and Executive Vice President, Bill Gerber, will retire at the end of fiscal 2015.

TD Ameritrade’s Chief Executive Officer and President Fred Tomczyk, stated in the company announcement, “Bill’s impact over the past 16 years is evident in every facet of our business. His guidance and expertise through rapid growth, mergers and acquisitions and the financial crisis have been essential to TD Ameritrade’s success.”

“As CFO, he has always provided sound fiscal management that has been instrumental in our ability to create one of the best run investment firms in the country. Over his tenure we have amassed more than $650 billion in client assets and moved from a non-investment grade to a single A credit rating,” he added.

“I have had the unique opportunity to be a part of the transformation and growth of a truly extraordinary company,” said Gerber. “I am proud of the shareholder value that we have created, the strategic acquisitions we have made and the sound financial footing of the firm. I am also proud of TD Ameritrade and the people I have had the privilege to work with.”

In his role as CFO, Mr Gerber oversees investor relations, business development, finance and tax functions. He started with TD Ameritrade in 1999 as director of finance.