LPL bolsters tech leadership with new CTO

LPL bolsters tech leadership with new CTO
The firm welcomes a 25-year industry veteran with experience from Wells Fargo to shore up its infrastructure, operations, and risk platforms.
JUL 16, 2024

LPL is making a strong statement on technology as the firm brings on an experienced leader to help take it to the future.

On Tuesday, LPL Financial announced the appointment of Sushil “Sid” Vyas as executive vice president and chief technology officer of infrastructure and operations.

The firm said Vyas will be responsible for ensuring the stability and reliability of LPL’s operating platforms. Reporting to Greg Gates, managing director and chief technology and information officer, he will be based at LPL’s Fort Mill campus in South Carolina.

In a statement Tuesday, Gates highlighted Vyas’s “leadership in managing risk platforms, driving agile transformations, leading technology delivery teams, and overseeing cloud migrations.”

“In an era where advanced platform protections and operational precision are increasingly crucial, [that experience] uniquely positions him to enhance and safeguard our platforms,” he said.

Vyas built up a record of driving global strategy and delivering cost-effective solutions over the course of 25 years spent leading and transforming technology organizations within large financial institutions.

He joins LPL from Mizuho Americas, where he served as chief technology officer of Mizuho America Services. Before Mizuho, he held various technology leadership positions over a 20-year span at Wells Fargo and its predecessor companies.

“I’m honored to join the skilled technology team at LPL and a Fortune 500 company at the forefront of technology innovation in financial services,” Vyas said.

“As we continue to grow and evolve, my focus will be on leading our efforts to streamline processes, mitigate risk and enhance the performance of our technology platforms,” he said.

Latest News

Want to get the most out of alts? You’ll have to do your homework
Want to get the most out of alts? You’ll have to do your homework

Advisors who expect an edge from alternatives' illiquidity premium – without understanding the underlying terms and explaining them to clients – have a world of learning to do.

'Finfluencer' Ponzi scheme defrauds investors of over $20M
'Finfluencer' Ponzi scheme defrauds investors of over $20M

The social influencer Tyler Bossetti pleaded guilty to wire fraud and aiding in the filing of false tax documents as a result of the real estate scheme, which ran from 2019 to 2023 and used platforms including Facebook and YouTube.

US annuity sales see sixth straight $100B+ quarter
US annuity sales see sixth straight $100B+ quarter

The latest LIMRA data release shows continued growth in RILAs, variable annuities, and FRD products, though researchers argue more education is still needed.

RIA moves: Thiel's Indivisible welcomes Ride Wealth Partners, $4B Beacon snaps up Astor
RIA moves: Thiel's Indivisible welcomes Ride Wealth Partners, $4B Beacon snaps up Astor

Indivisible Partners builds on its strategy to take turf in the independent space with its latest move in Colorado.

Advisor moves: LPL adds $425M Evermark Investment Partners, $300M Merril Lynch group hops to Ameriprise
Advisor moves: LPL adds $425M Evermark Investment Partners, $300M Merril Lynch group hops to Ameriprise

LPL's latest addition, a San Diego team defecting from RBC, represents a milestone for the broker-dealer giant's Strategic Wealth model for wirehouse breakaways.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave