LPL Names New Chief Information Officer
LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, has hired Scott Seese to serve as managing director and chief information officer, effective July 10. Seese is replacing Victor Fetter who was recently hired as chief digital officer at tech firm Vertiv Inc.
“I’m excited to welcome Scott to our management team, and I’m confident in his ability to transform our technology products and platforms from utility to strategic assets,” said Dan Arnold, president and CEO, LPL Financial. “Scott is a seasoned technology executive who is known as an innovator and digital disruptor. He brings a wealth of proven experience building and delivering customer-centric technologies at leading organizations.”
Seese was previously CIO of American Express’s global consumer business unit, where he was responsible for leveraging technology for revenue growth, gaining new customers and lowering costs. Prior to that, he was CIO and vice president of information technology at eBay Inc. and has also served in a variety of senior technology roles at Bank of America and GE.
For the last year Seese has been an angel investor and board advisor for startup companies, while also focusing on a philanthropic effort in Guatemala with Wakami, a non-profit social business network that generates income opportunities for people in underprivileged communities by teaching them how to make goods to sell on Wakami’s website.
Seese earned his bachelor’s degree in electrical engineering from Ohio State University and will be based out of LPL’s Carolinas campus in Fort Mill, South Carolina.
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), served approximately $540 billion in brokerage and advisory assets as of May 31, 2017. LPL is the nation’s largest independent broker-dealer based on total revenues. The company provides technology, clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and more than 700 financial institutions.