Mr Freiberg held various positions over 30-year career at Citigroup. He recently served as co-chairman and co-CEO of Citigroup’s global consumer group, which constituted all consumer business lines in 53 countries, including investment products, retail/commercial banking, credit cards, mortgages, and consumer finance. He also served as chairman and CEO of Citi cards. Prior to that, as chairman and CEO of Citigroup’s Investment Products Division.
Robert Druskin, chairman and interim CEO of E*trade, said: “The board is delighted to welcome Mr Freiberg to lead E*trade into its next phase of growth. He is an exceptional senior financial services executive who brings extensive experience in driving the strategic direction and management of a broad and diverse consumer financial services franchise. We are fortunate to have Mr Freiberg as our next CEO and are confident that he is the best person to help E*trade reach its full potential.”
Mr Freiberg said: “E*trade is an extraordinary company with a powerful brand and a compelling customer value proposition Bob Druskin and Don Layton, his predecessor, did a terrific job leading the company through very challenging times and positioning the organization for success. I look forward to the opportunity to work with the company’s talented management team to build on that momentum and help drive E*trade’s future growth and profitability.”
The E*trade financial family of companies provides financial services including online brokerage and related banking products and services to retail investors.
