E*TRADE Financial Corp. announced Corporate Controller Brent Simonich will assume the chief risk officer role after Paul Brandow advised the company of his decision to retire, following over a decade of service to the firm.

The appointment of Simonich is effective immediately, while Brandow has agreed to serve in an advisory capacity throughout the transition.

An E*TRADE veteran, Simonich joined the company in 1999. He has served E*TRADE in several leadership positions, most recently as corporate controller, principal accounting officer, and CFO of E*TRADE Securities. Simonich has experience in finance and risk and controls functions including risk management, accounting, financial reporting, vendor oversight, due diligence and acquisitions, and real estate and physical security.