Scottrade Financial Services, Inc. – the holding company for Scottrade, Inc., Scottrade Bank, Scottrade® Advisor Services and Scottrade Investment Management – announces today a key hire to the leadership team to head the brokerage line of business.

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Peter deSilva joins the firm as President of Scottrade, Inc. effective February 1. (Photo: Business  ...

Peter deSilva joins the firm as President of Scottrade, Inc. effective February 1. (Photo: Business Wire)

Peter deSilva joins the firm as President of Scottrade, Inc. effective February 1. In this role, deSilva will lead brokerage strategy, brokerage product, and client services. With nearly three decades of experience in financial services, deSilva brings to the table a depth of business development experience and a powerful track record of transformational leadership. deSilva has previously served as a senior executive at Fidelity Investments and, most recently, as President and COO of UMB Financial Corporation.

As previously announced, Scottrade is in the midst of a business evolution as it differentiates lines of business and offers managed portfolios with Scottrade Investment Management and personalized financial advice with the Advisor Access program. deSilva’s experience leading financial organizations through such positive growth will be a strong complement to the cohesive executive team already in place.

“It has been my great pleasure to build a strong leadership team across the firm’s lines of business,” said Roger Riney, founder and CEO of Scottrade Financial Services, Inc. “Our culture and our teamwork are integral to our mission. I am certain Peter will embrace our values of putting clients first in the brokerage and making every decision to benefit them. I am thrilled to bring him aboard.”

Peter will relocate from Kansas City to St. Louis with his wife, Michelle.

Scottrade’s brokerage serves three million investors and traders as they build and execute their investing strategies. Whether clients know where they’re going or need a little guidance to get there, Scottrade is here to help.

To learn more about us, visit about.scottrade.com.

About Scottrade Financial Services, Inc.

Scottrade Financial Services, Inc. is a privately-held holding financial services firm with four key lines of business: Scottrade, Inc., a leading brokerage company; Scottrade® Advisor Services, a division of Scottrade, Inc., which serves registered investment advisors; Scottrade Bank, a provider of online retail banking products and services, commercial lending and commercial equipment financing; and Scottrade Investment Management, providing investment guidance services. Scottrade, Inc. partners with more than three million retail clients to provide the trading services and investment solutions they need to overcome barriers to financial success. Scottrade pairs its large nationwide branch network with advanced online products and services to help clients gain insight into the market and react quickly to trading opportunities. Scottrade Financial Services, Inc. is based in St. Louis, Mo. For more information, visit about.scottrade.com or www.scottrade.com. To learn more about career opportunities at Scottrade, visit careers.scottrade.com. Brokerage products and services are offered through Scottrade, Inc., member FINRA / SIPC. Scottrade Investment Management, Inc. is a registered investment advisor. Scottrade Investment Management, Inc. and Scottrade Inc. are both wholly owned subsidiaries of Scottrade Financial Services Inc. Deposit products and services offered by Scottrade Bank, Member FDIC. Scottrade®, Scottrade® Advisor Services, Scottrade Bank®, Scottrade Investment Management and the Scottrade® logo are the registered trademarks of Scottrade, Inc.