ARLINGTON, Va. E-Trade Group Inc. on Thursday announced an internal reorganization that puts four general managers in charge of geographic regions around the globe North America; Latin America; Asia-Pacific; and Europe, Africa, and the Middle East.
In addition to their geographic responsibility, each general manager will have global oversight of one of the following areas: banking and asset gathering, brokerage and institutional services, insurance, and systems operations.
Mitch Caplan, who has headed E-Trade Bank, the groups Internet-only bank subsidiary, will be general manager of North America and of global banking and asset gathering.
Separately, E-Trade Bank said on Thursday that it has more than doubled its retail customer deposits from a year earlier, to more than $6 billion. Its nearest Internet bank competitor, Netbank of Atlanta, reported $980 million of deposits and $1.8 billion of assets at Dec. 31.