Mitch Caplan

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Mitchell H. Caplan is a former CEO of E-Trade Financial Corporation.

1 Education
2 Career
- 2.1 Telebank
- 2.2 E-Trade
3 References
4 External links

[edit] Education

Caplan received a BA in history from Brandeis University. He also obtained and a JD and an MBA from Emory University. Mitchell grew up in Portsmouth, Virginia, and graduated from the Norfolk Academy in 1975.

[edit] Career

From 1984 to 1990 Caplan was an associate of the law firm Shearman & Sterling. ^[1]

[edit] Telebank

Caplan served as vice-chairman and president of Telebanc Financial Corporation, a federally chartered savings bank, from January 1994. Caplan became CEO of Telebanc in 1998. E-Trade Financial acquired Telebank in early 2000. The bank became known as E-Trade Bank.

[edit] E-Trade

After the acquisition of Telebank, Caplan served as chief financial products officer and managing director of E-Trade North America. He also became chairman of the board and CEO of E-Trade Bank. In 2002, Mr. Caplan was named president and COO of E-Trade Financial. In January 2003, after the departure of Christos Cotsakos, Caplan became CEO and director of E-Trade Financial.

During his term as CEO, Caplan was instrumental in the strategic acquisitions of Harrisdirect from Bank of Montreal and BrownCo from JPMorgan Chase.

During the credit crisis of 2007, Caplan was criticized for investing in risky and complex debt instruments. He stepped down as CEO of E-Trade on November 29, 2007. That same day, an agreement with Citadel Investment Group was announced resulting in a cash infusion of $2.5B.