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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Spytrdr who wrote (13575)	5/4/2000 1:49:00 PM
From: ecommerceman	Read Replies (1) \| Respond to of 13953

ETRADE(R) Names Jarrett Lilien Chief Brokerage Officer to Drive Global Brokerage Business Former CEO of TIR Holdings Will Leverage ETRADE's Online Brokerage Leadership And Capitalize on Emerging Opportunities to Build New Revenue Streams Worldwide MENLO PARK, Calif., May 4 /PRNewswire/ -- ETRADE Group, Inc. (Nasdaq: EGRP - news) today announced the appointment of Jarrett Lilien as chief brokerage officer, a newly created position designed to leverage the company's leadership in online investing and capitalize on emerging opportunities to expand strategic brokerage activities worldwide. Lilien, who has served as ETRADE's managing director of international operations since the company merged with TIR Holdings in September 1999, will report to Kathy Levinson, president and chief operating officer of ETRADE Group, Inc. ``ETRADE revolutionized online investing, and now Jarrett's extensive brokerage expertise and international experience will help us to take our brokerage business to a whole new level of leadership and success,'' said Christos M. Cotsakos, chairman of the board and chief executive officer of ETRADE Group, Inc. ``As ETRADE builds a blue-chip e-commerce company and brand for the 21st century, Jarrett will play a key role in ensuring operational excellence, efficiency and profitability in all aspects of this strategic business.'' In his new role as chief brokerage officer, Lilien will oversee the continued growth and expansion of ETRADE's domestic U.S. brokerage business, while driving the company's rapidly growing international brokerage activities targeted to retail and institutional customers worldwide. A key priority for Lilien will be to create a global strategic business unit that combines all aspects of brokerage, including trading, clearing and risk management. Formerly the CEO of TIR Holdings, now part of ETRADE's global network, Lilien was instrumental in building TIR's global clearing business and 650-plus institutional client base into a worldwide business that generated nearly $100 million in annualized revenues before the merger with ETRADE. Since that September 1999 merger, Lilien has helped to grow the company's institutional revenues by 30 percent. In his ten years as CEO of TIR Holdings, Lilien was intimately involved in the management of TIR's six dealing offices across North America, Europe and Asia. As such, he guided TIR's activities in equity, fixed income and currency markets in more than 35 countries. Prior to joining TIR in 1989, Lilien was vice president of equity research sales at Paine Webber, where he was a member of the Paine Webber Stock Selections (Focus List) Committee. He started his career as institutional equity trader with Autranet, a division of Donaldson, Lufkin & Jenrette, Inc. Lilien received a bachelor's degree in Economics from the University of Vermont. About ETRADE