E*Trade Financial on Thursday named Paul T. Idzik, a former executive at Barclays, as its new chief, ending a five-month search for a new leader.
Mr. Idzik will take over for the online brokerage’s chairman, Frank J. Petrilli, who had stepped in on an interim basis.
The appointment ends a search that cut a wide swath through the financial industry, as a number of prominent executives were interviewed for the position. E*Trade eventually went with Mr. Idzik, who worked for 10 years at Barclays, most recently as the British firm’s chief operating officer. He left the bank in 2008 and subsequently joined DTZ Holdings, a British property services provider â€" only to resign in 2011, onths before the firm sold itself to UGL, an Australian rival.
Before joining Barclays, where he gained a reputation as a somewhat eccentric manager who reportedly snapped an employee’s pen because it bore the logo of a rival, Mr. Idzik was a consultant at Booz Allen Hamilton.
“I look forward to joining E*Trade and working with its management team,†he said in a statement. “E*Trade has great strengths, from its iconic brand to its industry-leading technology and its world-class product and service offerings.â€
