About a month ago, StockBrokers.com blogged about the OptionsHouse and tradeMONSTER merger. Now, it has been announced that OptionsHouse and tradeMONSTER have selected both a Chairman of the Board and a CEO for the new combined company. Gerald Putnam will be the Chairman of the Board and Michael J. Curcio will be the CEO for the company upon completion of this deal. The remainder of the new company’s executive leadership team was announced as well.
When this transaction is completed global growth investor General Atlantic will be the majority stakeholder in this newly merged online broker. General Atlantic’s managing director Rene Kern spoke this week about his excitement regarding the leadership team that has been put in place for the merged company. He said, “Jerry and Michael are two of the industry’s most respected leaders, and they have the vision, knowledge, and experience to integrate and drive growth at the new company.” He continued, “We look forward to working with them to fulfill the combined goal of becoming the ‘go-to’ online brokerage firm for active traders and investors.”
Putnam was the CEO and co-founder for Archipelago Holdings from 1997 until its merger with the NYSE in 2006. Michael Curcio was the President of E*TRADE Securities from 2006 to 2013. Curcio also spent 15 years at TD Ameritrade before his time with E*TRADE.
As of now, investors shouldn’t expect any immediate changes at either OptionsHouse or tradeMONSTER. StockBrokers.com will keep you up to date on details of the merger and how it will affect investors.
Click here for the full press release regarding the announcement of the leadership team for the newly merged company.