TD Ameritrade (AMTD) said late Monday that Tom Bradley will become the company’s new president of retail distribution. He will be replaced in his role as head of the RIA business, TD Ameritrade Institutional, by Tom Nally.
John Bunch, president of retail distribution, has resigned his position, effective this coming Friday. Bunch, who had been with the company since 2004, will be taking the top leadership role at an investment advisory firm.
In 2011, Bradley was named one of the 25 most influential people by Investment Advisor magazine, an honor he received in 2004, 2006 and 2009 as well, largely for the role he played overseeing TD Ameritrade Institutional’s relationship with more than 4,000 independent RIAs who custody their assets with the unit.
“Tom Bradley has been a strong member of the TD Ameritrade management team for many years,” said Fred Tomczyk, president and CEO of the company, in a press release. “He has grown TD Ameritrade Institutional into a major player in the fastest-growing segment of financial services by expanding technology and product offerings and putting clients first. I am confident that he will put his broad knowledge base and determined management style to good use within our retail client organization.”