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Compensation |
Audit |
Outside Independent Directors |
Non-TD Directors |
Corporate Governance |
Mergers & Acquisitions |
Joseph H. Moglia
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Joseph H. Moglia
Chairman
Joe Moglia's vision and leadership greatly influenced TD AMERITRADE's evolution over the last decade, from a small "dot com" brokerage to one of the most widely-recognized names in financial services. In his seven years as CEO of the Company, Moglia remained faithful to his game plan making carefully calculated business decisions that center only on the needs of the firm's clients, shareholders and associates.
Under Moglia's leadership, TD AMERITRADE shareholders enjoyed a 500 percent return, despite the worst economic crisis since the Great Depression. The Company's market cap grew from $700 million to $10 billion and client assets grew from $24 billion to $280 billion. TD AMERITRADE also led the industry in consolidation, including the two largest such transactions with Datek Online Holdings and TD Waterhouse Group, Inc., and became a global leader in equity transactions. His leadership skills and charisma inspired the Company's management and associates to take pride in the firm's mission to provide financial literacy for the typical American family.
As chairman, Moglia now represents TD AMERITRADE shareholders at the board level, providing strategic guidance in shaping the growth strategy of the firm. His goal is to help ensure that the firm continues to grow and deliver profitability, and that the needs and concerns of shareholders are addressed in the decision-making process.
Moglia joined TD AMERITRADE in 2001 after spending 17 years at Merrill Lynch, where he was a member of the executive committees for both the institutional business and the private client business. Before leaving, he was responsible for all investment products, the insurance company, the 401(k) business and the middle market business.
Prior to entering the financial services industry, Moglia coached football for 16 years, where he won two Ivy League Championships as defensive coordinator at Dartmouth College. He also set national and school records as the defensive secondary and special teams coach at Lafayette College, turned two high school programs around, wrote a book on football, authored numerous articles in national coaching journals and has been inducted into two halls of fame.
In 2005, Moglia was honored by the National Italian American Foundation for his business leadership accomplishments. He was again honored by the Columbus Citizens Foundation in 2006 for his lifetime of professional achievements. In 2009 he received the Ellis Island Medal of Honor and was honored at the American Institute for Stuttering with an Achievement Award.
In 2005, Moglia authored "Coach Yourself to Success: Winning the Investment Game," which explains the essential principles of investing through in-depth insight and practical advice. He is the only author to have published books on both investing and football.
Moglia is currently the leadership and life skills consultant for football at the University of Nebraska. He is a member of the board of directors of AXA Financial, Creighton University, the National Italian American Foundation, Fordham Preparatory School, the Omaha Chamber of Commerce, the Boy Scouts of America, and he serves as a member of the STRATCOM Consultation Committee. He holds a master's degree in secondary education from the University of Delaware and a bachelor's degree in economics from Fordham University.
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W. Edmund Clark
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W. Edmund Clark
Vice Chairman
Ed Clark is the president and the chief executive officer of TD Bank Financial Group (TDBFG) and has served in the position since December 2002. From July 2000 until his current appointment, Clark served as president and chief operating officer of TDBFG.
Prior to joining TDBFG, Clark was president and chief executive officer of Canada Trust Financial Services. He is a director of The Toronto-Dominion Bank and TD Bank N.A. (wholly-owned subsidiary of TDBFG).
Clark received a bachelor's degree from the University of Toronto and a master's degree and doctorate in economics from Harvard University.
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J. Joe Ricketts
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J. Joe Ricketts
Founder
In 1975, Joe Ricketts founded First Omaha Securities, a retail securities brokerage firm that was among the first to enter the discount securities marketplace. Through the use of technology and marketing, the Company has grown significantly and evolved into what is today known as TD AMERITRADE Holding Corporation (NASDAQ: AMTD).
Ricketts served as chairman of the Company's board of directors until September 2008. He also held the position of chief executive officer from 1981 through February 2001, except for the period from March 1999 to May 2000, during which he was co-chief executive officer, and the period from May 2000 to August 2000, during which he did not hold the position of chief executive officer.
Among his many accomplishments, Ricketts, in 1988, introduced the first quote and order entry system using a touch-tone phone. In 1994, he established Ceres Securities, Inc., and $18 flat rate trading. In 1995, Ricketts purchased K. Aufhauser & Company, Inc. and its WealthWeb, the first firm to offer online securities trading, receiving the first order in August 1994.
In 1996 Ricketts brought institutional investing software to the retail investor with the introduction of Accutrade for Windows and established eBroker, an online brokerage firm. A year later, he combined Ceres, Aufhauser and eBroker to create Ameritrade, Inc., the broker-dealer that is known today as TD AMERITRADE, Inc.
Prior to 1975, Ricketts was a registered representative with a national brokerage firm, an investment advisor with Ricketts & Co. and a branch manager with The Dun & Bradstreet Corporation, a financial information firm. He is a former director of the Securities Industry Association, now known as the Securities Industry and Financial Markets Association, and served as a member of the district committee for District 4 of the NASD from 1996 to 1999.
Ricketts received a bachelor's degree in economics from Creighton University.
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Fred Tomczyk
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Fred Tomczyk
President, Chief Executive Officer
Fred Tomczyk is a 20-year veteran of the financial services industry with extensive expertise in wealth management, retail distribution and sales and has been a guiding force in the Company's evolution from brokerage firm to the better investment firm for today's investor. Tomcyzk's vision for TD AMERITRADE is threefold maintain a leadership position in the trading business, continue to grow as an asset gatherer and capitalize on additional opportunities to strengthen the firm for the benefit of its associates, clients and shareholders.
Tomczyk has served as president and chief executive officer of the Company since October 2008, during which time the firm achieved record organic growth in the midst of one of the most difficult economic environments to hit the United States since the 1930s. In fiscal 2009, TD AMERITRADE produced record average client trades per day, record net new assets and record new accounts all while maintaining a clean balance sheet and a strong overall financial position.
Tomczyk has been intimately involved with TD AMERITRADE for five years, since the time he helped negotiate and shape the landmark deal that brought Ameritrade and TD Waterhouse together in 2005. From July 2007 until his current appointment he served as chief operating officer and was responsible for all operations, technology, retail sales functions and the registered investment advisor channel. He served as a member of the TD AMERITRADE board of directors from January 2006 until June 2007.
From May 2002 until joining TD AMERITRADE, Tomczyk served as the vice chair of corporate operations for TD Bank Financial Group (TDBFG). From March 2001 until May 2002, he served as executive vice president of retail distribution for TD Canada Trust (a wholly-owned subsidiary of TDBFG), and from September 2000 until March 2001 he served as executive vice president and later as president and chief executive officer of wealth management for TD Canada Trust. Prior to joining TD Canada Trust, he was president and chief executive officer of London Life.
Tomczyk serves on Cornell University's undergraduate business program advisory council. He received a bachelor's degree in applied economic and business management from Cornell University with a Bachelor of Science and subsequently obtained his Chartered Accountant designation. In 2006, he was elected as a Fellow of the Institute of Chartered Accountants of Ontario.
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Marshall A. Cohen
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Marshall A. Cohen
Marshall Cohen is counsel to Cassels Brock & Blackwell LLP, a law firm based in Toronto, ON, Canada, which he joined in 1996. Prior to joining that firm, Cohen served as president and chief executive officer of The Molson Companies Limited from 1988 to 1996. He is also a director for a number of other companies, including Barrick Gold Corporation, Broadpoint Gleacher Securities Group, Inc., and TriMas Corporation.
Cohen holds a bachelor's degree from the University of Toronto, a Law degree from Osgoode Hall Law School and a master's degree in Law from York University. Cohen also holds an honorary doctorate in Law from York University and was appointed as an officer of the Order of Canada in 1992.
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Daniel W. Cook III
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Daniel W. Cook III
Dan W. Cook, III has been a senior advisor to MHT Partners, L.P., an investment banking firm, since 2001. He is a retired partner of Goldman Sachs & Co., a leading global investment banking firm. He served as a general partner with Goldman Sachs from 1977 to 1992 and as a senior director from 1992 to 2000. He serves on the executive board of the Edwin L. Cox School of Business at Southern Methodist University and also serves as trustee or director of several charitable organizations.
Cook received a bachelor's degree from Stanford University and a master's in business administration from Harvard Business School.
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William H. Hatanaka
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William H. Hatanaka
William Hatanaka is chairman and chief executive officer of TD Waterhouse Canada, Inc. (a wholly-owned subsidiary of TD Bank Financial Group, "TDBFG") and group head, wealth management, for TDBFG. He has over 30 years experience in the financial services industry.
Prior to joining TDBFG in 2003, Hatanaka was a senior executive of the wealth management arm of the Royal Bank of Canada from 1996 to 2001, most recently serving as chief operating officer. He has also held senior executive positions at brokerage firms RBC Dominion Securities, Richardson Greenshields Ltd. and Midland Walwyn Capital.
Prior to his career in the financial services industry, Hatanaka played professional football in the Canadian Football League and was a member of the 1976 Ottawa Rough Riders Grey Cup Championship team. He is the former chairman of the board for the Investment Industry Association of Canada and is a member of the board of directors for the York University Foundation, currently co-chairing the University Capital Campaign. His is also a director of TD Asset Management Inc. and TD Asset Management USA Inc. (wholly-owned subsidiaries of TDBFG) and chairman of the diversity leadership council for TD Bank Financial Group.
Hatanaka holds a bachelor's degree, with Honours, in sociology and economics from York University and has completed the Advanced Management Program at the Harvard Business School.
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Mark L. Mitchell
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Mark L. Mitchell
Mark Mitchell served as a director of the Company from December 1996 until January 2006 and served as a member of the Company's board of advisors in 1993. He was reelected as a director in November 2006. He is a principal at CNG Partners, LLC, an investment management firm, which he co-founded in 2001.
Mitchell was a finance professor at Harvard University from 1999 to 2003 and was a finance professor at the University of Chicago from 1990 to 1999. He was a senior financial economist for the Securities and Exchange Commission from 1987 to 1990, a member of the NASDAQ quality of markets committee from 2003 to 2005, and a member of the economic advisory board of the NASD from 1995 to 1998.
Mitchell received a doctorate in applied economics and a master's degree in economics from Clemson University. He received a bachelor's degree (summa cum laude) in economics from the University of Louisiana at Monroe.
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Wilbur J. Prezzano
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Wilbur J. Prezzano
Wilbur Prezzano was employed with Eastman Kodak Company for over 30 years. He served in various positions during that time, including vice chairman of Eastman Kodak Company and chairman and president of Kodak's greater China region, the positions that he held at the time of his retirement in 1996.
Prezzano currently serves a director of The Toronto-Dominion Bank, EnPro Industries, Inc., Lance, Inc., and Roper Industries, Inc.
He received a bachelor's degree in economics and a master's degree in business administration from the Wharton School at the University of Pennsylvania.
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J. Peter Ricketts
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J. Peter Ricketts
Pete Ricketts is the founder of Drakon, LLC, an asset management company in Omaha, Neb. He previously served as a director for the Company from October 1999 to May 2006 before he resigned to campaign for election to the United States Senate for the State of Nebraska.
From 1993 to 2005, Ricketts served in various leadership positions with the Company, including executive vice president and chief operating officer, corporate secretary, president of the private client division, senior vice president of strategy and business development, senior vice president of product development and senior vice president of marketing.
Ricketts is also the chairman of the Omaha board of Children's Scholarship Fund. He is also a director of Chicago Baseball Holding LLC (the holding company for the Chicago Cubs major League Baseball franchise), a director and president of the Platte Institute for Economic Research, Inc. and an advisory board member for the Alumni Capital Network, a private equity firm based in New York. He serves on the global advisory board for the University of Chicago Graduate School of Business, as a member of the board of directors of Bellevue University and as a member of the board of trustees for the American Enterprise Institute.
Ricketts received an M.B.A. in marketing and finance and a bachelor's degree in biology from the University of Chicago.
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Allan R. Tessler
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Allan R. Tessler
Allan Tessler has been chairman of the board and chief executive officer of International Financial Group, Inc., an international merchant banking firm, since 1987. He is also chairman of the board of Epoch Investment Partners, Inc., formerly J Net Enterprises.
He has previously served as chief executive officer of J Net Enterprises, co-chief executive officer of Data Broadcasting Corporation, now known as Interactive Data Corporation, chairman of Enhance Financial Services Group, Inc. and chairman and principal shareholder of Great Dane Holdings.
Tessler is the lead director and chair of the finance committee of Limited Brands, Inc. and also serves as a director of EnerCrest. He serves as chairman of the board of trustees of the Hudson Institute and is a member of the board of governors of the Boys & Girls Clubs of America.
Tessler holds a bachelor's degree from Cornell University and an L.L.B. from Cornell University Law School.
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The Company's Board of Directors is divided into three classes. Members of each class generally are elected to staggered three-year terms.
W. Edmund Clark
Mark L. Mitchell
Fredric J. Tomczyk
Marshall A. Cohen
William H. Hatanaka
J. Peter Ricketts
Allan R. Tessler
J. Joe Ricketts
Dan W. Cook III
Joseph H. Moglia
Wilbur J. Prezzano