To: Susan Saline who wrote (630 ) 7/26/1999 12:33:00 PM From: Zardoz Read Replies (1) | Respond to of 1413
TD Waterhouse Group COO resigns TD Waterhouse Group Inc TWE Shares issued 335,000,000 1999-07-23 close $32 Monday Jul 26 1999 Mr. Stephen McDonald reports Frank J. Petrilli, chief operating officer, TD Waterhouse Group, has resigned. Mr. Petrilli is leaving to pursue other opportunities. Keith Gray has assumed the responsibilities of chief operating officer, effective immediately. Most recently, Mr. Gray has focused on providing strategic expansion and acquisition advice for TD Waterhouse Group. Mr. Gray built TD Waterhouse in Canada and was a key architect of the acquisition of Waterhouse Investor Services by TD Bank Financial Group. He has also been instrumental in other successful acquisitions including Jack White and Kennedy, Cabot. Mr. Gray is a director of the Waterhouse National Bank. "Frank has made an important contribution to the growth of TD Waterhouse and we wish him all the best in the future," said Mr. McDonald. "TD Waterhouse is a great, customer-driven company and I am very proud to have contributed to its growth and success," said Mr. Petrilli. In Canada, TD Waterhouse operates the country's largest discount brokerage firm, which operated under the Green Line Investor Services name until July 7. In the United States, TD Waterhouse operates the country's third largest discount brokerage. TD Waterhouse also operates discount brokerage units in Hong Kong, Australia, and the United Kingdom. On June 28, 1999, TD Waterhouse completed an initial public offering. The offering of approximately $1.46-billion (Canadian) ($1-billion (U.S.)) was the largest IPO of an Internet-related company and the 14th largest IPO in New York Stock Exchange history. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com