TD Ameritrade Begins Search for New CEO

Discount brokerage TD Ameritrade Holding Corp. announced that Chief Executive Tim Hockey will leave the company in February 2020. According to a story in The Wall Street Journal, Mr. Hockey said he and the board agreed it was the right time for a transition. He will stay in his role while the board conducts its search for his successor. Mr. Hockey joined TD Ameritrade in January 2016 from TD Bank Group, where he spent 32 years. During his tenure as TD Ameritrade’s CEO, he oversaw the integration of Scottrade Financial Services Inc. in a $4 billion deal that joined two of the biggest online brokerages.