The executive who previously oversaw Scout Investments
and its mutual fund back office sibling, UMB Fund Services
, is moving east and taking over a brokerage.
| Peter deSilva
Scottrade Financial Services
Incoming President. Brokerage
will join privately-held, St. Louis-based online discount brokerage giant Scottrade Financial Services
on February 1 as president of its brokerage business, Scottrade, Inc. Rodger Riney
, founder and CEO of Scottrade Financial Services, released
the news on Wednesday, and the Kansas City Business Journal
and the Kansas City Star
both reported on the news.
deSilva is a Fidelity alumnus and a 17-year Fidelity veteran. He left
Kansas City, Missouri-based UMB earlier this month after 11 years with the bank. Prior to November 2015, deSilva served as president, chief operating officer, and board member of UMB, and the chiefs of both UMB Fund Services and Scout reported to him.
| Rodger Riney
Scottrade Financial Services, Inc.
Founder, Chief Executive Officer
He joins Scottrade shortly after the creation of an advice-providing unit, Scottrade Investment Management.
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now