Ladenburg Thalmann says it has hired David Ballard to lead its Enterprise Services group.
Ballard, who joins the financial-services firm from Docupace Technologies, earlier was COO of Cetera Financial Group and served in different management roles at AIG Advisor Group, SunAmerica Mutual Funds and AIG Retirement Services.
He now will support leaders of Ladenburg’s five independent firms — Securities America, Triad Advisors, Investacorp, Securities Service Network and KMS Financial Services.
“With the addition of David to our organization, we are well-positioned to reinforce our company’s industry leadership with respect to operations and technology strategies that create value for our financial advisors, and by extension, our strategic partners, employees and shareholders,” according to Ladenburg Chairman and CEO Richard Lampen.
Ballard reports to Ladenburg COO Adam Malamed and will focus on enhancing advisors’ service experience.
“The list of incredibly seasoned and effective operations and technology leaders in our industry is short, and Dave Ballard’s name is at the top of that list,” said Larry Roth, former CEO of Cetera Financial Group and AIG Advisor Group. “Dave will be a terrific fit for the organization, given his extensive experience at large firms that, like Ladenburg, support a multi-brand approach in the marketplace.”