TD Ameritrade Holding Corporation announced that Fred Tomczyk, president and chief executive officer, has informed the company's board of directors of his intention to retire at the end of the 2016 fiscal year, which will conclude on Sept. 30, 2016. The board has named Tim Hockey, group head of Canadian banking and wealth management at TD Bank Group and president and chief executive officer of TD Canada Trust, as president of TD Ameritrade effective Jan.

2, 2016, at which time he will also join the company's board of directors. He will succeed Tomczyk as CEO of TD Ameritrade upon Tomczyk's retirement.