TD Waterhouse Investor Services, the online financial services division of TD Waterhouse Group has restructured its senior management with the local face of the group Ian Struthers set to head to Singapore.
Struthers is currently TD Waterhouse Investor Services managing director for Australia but will head up a new online investment services joint venture between TD Waterhouse Group and DBS Group Holdings (DBS).
Struthers is the founding chief executive officer of the new venture and, based in Singapore, he will develop the online investing business targeting self-directed investors in Hong Kong and Singapore.
Former TD Waterhouse Investor Services managing director for Hong Kong Karen Buck will take over from Struthers in the Australian managing director role.
Buck has been with the group for about 12 years and prior to the Hong Kong position, which she held for two years, was TD Waterhouse (then known as Waterhouse Securities) customer services senior vice-president for three years, based in the United States.
Other past positions include branch administration assistant regional vice-president and human resources senior vice-president.
Buck started out her financial services career as a financial planner for IDF Financial Services, a subsidiary of American Express, but exited the business after about one year.
“I decided I wanted to move into more of a discount brokerage model, and the market was changing quickly,” she says.
As managing director of the Australian operations, Buck says she will continue to strengthen the TD Waterhouse business.
“I see my main goal as being to grow the business, to introduce new products and services to existing customers and new customers, and continue with the strategies that have been implemented over the past few years,” she says.
Struthers and Buck will both report to TD Waterhouse Group vice chairman Bharat Masrani.
