TD Canada Trust Head Tim Hockey To Succeed As TD Ameritrade CEO

By Tonya GarciaMarketWatch Pulse

TD Ameritrade Holding Corp. named Tim Hockey president of TD Ameritrade, effective Jan. 2, 2016. He is presently the head of TD Bank Group's Canadian banking and wealth management group and chief executive officer of TD Canada Trust. Current TD Ameritrade president and CEO Fred Tomczyk will retire at the end of the 2016 fiscal year, on Sept. 30, 2016. Hockey will initially be responsible for the retail, institutional and trading channels and in the coming months will add technology, operations, and other corporate functions. TD Ameritrade shares are up 3.3% for the year so far while the S&P is up 1% for the same period.

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