E*TRADE Financial Appoints Paul T. Idzik Chief Executive Officer

  E*TRADE Financial Appoints Paul T. Idzik Chief Executive Officer

            Interim CEO Frank J. Petrilli to Continue as Chairman

Business Wire

NEW YORK -- January 17, 2013

E*TRADE Financial Corporation (NASDAQ: ETFC) today announced that its Board of
Directors has appointed Paul T. Idzik Chief Executive Officer, effective
January 22, 2013.

Paul T. Idzik, Chief Executive Officer, E*TRADE Financial (Photo: Business

Paul T. Idzik, Chief Executive Officer, E*TRADE Financial (Photo: Business

Interim CEO Frank J. Petrilli, who has served since August, 2012, will
continue as Chairman. Rodger A. Lawson will step down as Lead Independent
Director, a role he has served since August 2012, but will remain on the
Board. Mr. Idzik was also named President of E*TRADE Bank, and will serve on
the Company’s and E*TRADE Bank’s Boards of Directors.

“Paul brings great strengths to our business at this very important time for
our company,” Mr. Petrilli said in making the announcement. “Paul is
recognized in the financial services industry for his strong leadership skills
and his demonstrated ability to deliver results and create shareholder value.
As a seasoned senior executive, he has a proven track record of building
strong teams, and working with multiple stakeholders. Paul is the right person
to lead E*TRADE as we continue to execute on our strategic and capital plan.”

“I look forward to joining E*TRADE and working with its management team,” Mr.
Idzik said. “E*TRADE has great strengths, from its iconic brand to its
industry-leading technology and its world-class product and service offerings.
These will serve the company well as we work to grow the franchise and deliver
value to shareholders.”

About Paul T. Idzik
Paul T. Idzik, 51, was most recently Group Chief Executive of DTZ Holdings PLC
in London. He also served 10 years at Barclays PLC, most recently as Group
Chief Operating Officer and before that as Chief Operating Officer of Barclays
Capital. He oversaw all key functional units, including Information Technology
and Operations, HR, Corporate Communications, Sourcing and Procurement, and
all strategy for Barclays.

Mr. Idzik started his career as a consultant, and spent more than a decade
with Booz Allen Hamilton, where he was a partner in the Financial Services
practice. He advised retail, commercial, and investment banks on strategy and
performance enhancement.

He also sits on the Board of Trustees of the Oxford Philomusica, Oxford’s
professional symphony orchestra.

Mr. Idzik has BAs in Economics and Computer Applications from the University
of Notre Dame and an MBA in Finance from the University of Chicago.

About E*TRADE Financial
The E*TRADE Financial family of companies provides financial services
including online brokerage and related banking products and services to retail
investors. Specific business segments include Trading and Investing and
Balance Sheet Management. Securities products and services are offered by
E*TRADE Securities LLC (Member FINRA/SIPC). Bank products and services are
offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its
subsidiaries and affiliates. More information is available at www.etrade.com.

Important Notices
E*TRADE Financial, E*TRADE and the E*TRADE logo are trademarks or registered
trademarks of E*TRADE Financial Corporation.

Forward-Looking Statements: The statements contained in this news release that
are forward looking are based on current expectations that are subject to a
number of uncertainties and risks, and actual results may differ materially.
The uncertainties and risks include, but are not limited to, the ability to
execute on our strategic and capital plan and to grow the franchise and
deliver value to shareholders. Further information about these risks and
uncertainties can be found in the annual, quarterly, and current reports on
Form 10-K, Form 10-Q, and Form 8-K previously filed by E*TRADE Financial
Corporation with the Securities and Exchange Commission (including information
in these reports under the caption “Risk Factors”). Any forward-looking
statement included in this release speaks only as of the date of this
communication; the Company disclaims any obligation to update any information.

© 2013 E*TRADE Financial Corporation. All rights reserved.

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E*TRADE Financial Media Relations
Bob Horton, 646-521-4378
E*TRADE Financial Investor Relations
Brett Goodman, 646-521-4406
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