Ameritrade Is Expected to Name Merrill Executive as Its New CEO
Friday, March 2, 2001 6:21PM EST
By Charles Gasparino, Staff Reporter of The Wall Street Journal
NEW YORK -- Joseph Moglia, a senior vice president in Merrill Lynch & Co.'s private-client group, is expected to be named chief executive of online-brokerage firm Ameritrade Holding Corp., according to people with knowledge of the matter.
Mr. Moglia would take the job that was vacated in August when Tom Lewis resigned as the CEO of the Omaha, Neb., firm. Since then, the firm's founder, J. Joe Ricketts, has served as CEO, but he told shareholders at the recent annual meeting that is looking forward to handing over the job to a permanent CEO.
Mr. Moglia couldn't be reached for comment. Ameritrade (AMTD) spokesman Larry Marchese declined to comment.
A 17-year veteran of Merrill (MER), Mr. Moglia has served in a number of positions in the big securities firm. Most recently, he headed a unit in the private-client, or brokerage, division, which includes Merrill's large retail- brokerage force. He is one of the handful of lieutenants to E. Stanley O'Neal, the head of the private-client division. |
