E*TRADE Financial has named Paul Brandow as acting chief risk officer.

Brandow will assume the chief risk officer role from Michael Pizzi, who will become chief financial officer, effective June 16, after current CFO Matthew Audette advised the company of his decision to leave to pursue a new opportunity.

Brandow, former chief risk officer and current senior advisor to E*TRADE Financial, will assume the role of acting chief risk officer to assure a smooth transition as the company conducts a search for a permanent replacement.

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