E*TRADE Financial Corporation announced that Chief Financial Officer Michael A. Pizzi will expand his role to become Chief Operating Officer, assuming oversight of operations while continuing his current responsibilities as CFO. An expert in maximizing operating efficiency, Mr. Pizzi has served the Company in several leadership roles since he joined in 2003. Prior to serving as CFO, he was the Company’s Chief Risk Officer, corporate and bank Treasurer, and held various positions in E*TRADE’s portfolio management and derivatives functions. Before joining E*TRADE, Mr. Pizzi worked in asset/liability management at both Lehman Brothers and First Maryland Bank, as well as in capital markets research for the Federal Reserve Board. Mr. Pizzi earned a BA in economics from Ursinus College, is a CFA® charterholder, and holds the Financial Risk Manager (FRM) designation.