E*TRADE Taps Karl Roessner as its CEO Following Leadership Transition

E*TRADE Financial Corporation (NASDAQ:ETFC) has shaken up its leadership with the appointment of Karl A. Roessner, the group’s acting Executive Vice President (EVP) and General Council, as its newest Chief Executive Officer (CEO), according to a recent Reuters report.

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The leadership transition at E*TRADE takes place on the heels of the brokerage’s OptionsHouse transaction, paving the way for a new outlook for the group. 2016 has to date been a mixed year for E*TRADE with DARTs down in recent months on accounts of very low Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term.

Per the new changes, Mr. Roessner will step into the role of CEO, assuming the chain of command from Paul T. Idzik. Mr. Roessner originally joined E*TRADE back in 2009, having served as its EVP and General Council over the past seven years.

Prior to E*TRADE, he also worked at Clifford Chance US LLP as a partner and before that as an associate, dating back to 2000. Additional stints include positions as an associate at Rogers & Wells for over eight years, extending back to 1992, according to information made public on his Linkedin profile.

Moreover, E*TRADE has also announced that Rodger A. Lawson, previously the group’s chairman of board will be appointed as its executive chairman. Alternatively, Michael Curcio will be elevated to the role of Chief Brokerage Officer.