People: Freiberg, Citi's Former Consumer Co-Head, Named CEO of ETrade

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ETrade's new CEO is Steven Freiberg, longtime Citigroup executive who co-led Citi's Global Consumer Group [Bloomberg News]

Braver Stern hires George Kenny from BofA as head of institutional fixed income sales [Braver Stern, via PRN]

Citigroup reportedly hires Banfield from Nomura as head of Asia-Pacific M&A. Another Nomura banker, Robert Chiu, reportedly rejoins BofA Merrill Lynch on China coverage team [Bloomberg News]

Cincinnati Financial hires Kellington from Acord as chief information officer and promotes Forrester from seniorVP to chief technology officer [Cincinnati Financial]

FlexiSphere hires DeSantis as president and COO. He was CFO at Plainfield Asset Management and COO of the Financial Accounting Foundation [FlexiSphere, via PRN] hires Stanger as CFO. The VC executive is a former CFO at Expedia [, via PRN]

Penn Mutual Life promotes McDonnell to president from chief marketing officer [Penn Mutual]

Penn Mutual Life promotes O'Malley to CFO from executive VP [Penn Mutual]