ARLINGTON, Va. -- As reported earlier on ATMmarketplace.com, E*TRADE Bank, a wholly owed subsidiary of E*TRADE Group, Inc. (Nasdaq: EGRP) has named Robert J. Fenton as its new chief financial officer.
Before joining E*TRADE Bank, Fenton held several leadership positions, including senior financial analyst and chief financial officer of the Travel and Business Division of Citi Cards North America, during his 15 years with Citigroup. Fenton also held positions with Citibank's U.S. Retail Bank and the International Consumer Bank, based in Brussels, Belgium.
Prior to his tenure at Citigroup, Fenton spent five years with PepsiCo, Inc. in various roles, including Manager of Financial Reporting and Taxation of Pepsi-Cola's Domestic Bottling Group; as well as two years at Price Waterhouse, now known as PricewaterhouseCoopers.
"E*TRADE Bank has a reputation for attracting quality professionals, who are committed to performance, innovation and productivity," said Mitch Caplan, general manager North America and chief global banking and asset gathering officer, E*TRADE Group. "Bob brings advanced management skills that will drive E*TRADE Bank's core business, as well as a depth of global experience that will help us reach new levels as we continue to diversify our model."
Based on FDIC data as of Feb. 9, E*TRADE Bank is the nation's largest pure-play Internet bank and is the only pure-play Internet bank to be ranked among the top 19 federally chartered U.S. savings banks based on both assets and deposits. E*TRADE Bank is affiliated with E*TRADE Access, Inc., one of the largest off-premise ATM networks in the U.S.
