LPL Financial, the largest independent broker-dealer and subsidiary of LPL Investment Holdings (LPLA), has named Sallie Larsen managing director and chief human capital officer.
Larsen (left), who joined LPL earlier this month, will be based in the firm’s San Diego office, will report to chairman and CEO Mark Casady and will become a member of LPL Financial’s executive management committee. In an announcement, the company said that she will be responsible for “overall human capital and talent acquisition strategies” as well as issues relating to real estate, facilities and corporate communications.
Prior to joining LPL, Larsen was for three years chief human resources officer for the Federal Home Loan Bank Office of Finance; she previously worked in senior HR roles for Capital One Financial and Marriott International.
In an interview Thursday, Larsen said that while her position was not new at the firm, it did entail added responsibilities, “not just human resources, but also corporate real estate and facilities, corporate communications and community outreach.” Rather than reinventing the HR wheel, she said her role was to “be a good steward” of LPL’s existing corporate culture. “LPL has had a great history of successfully developing leaders,” she said, and has identified what she called “success factors” among those leaders that the company could use to find “the right people in the right place at the right time” to maintain and improve its “corporate ecosystem.” She said those “success factors,” which identify and reward “innovation and forward thinking,” are how all of LPL’s human resources efforts are tied together.