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Commonwealth Adds IT, Information Security Leaders

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Commonwealth Financial has made two key additions to its information technology and information security leadership teams as it preps for future growth.

Mukund Ravipaty was named chief information security officer, while Garreth Speer was named vice president, IT infrastructure.

“Both positions will be instrumental in broadening Commonwealth’s cloud technology strategy and enhancing its security posture as the firm looks to augment its current advisor-facing infrastructure and accelerate its innovation in 2021,” it said Wednesday.

Ravipaty joins Commonwealth from National Grid, where he worked for nearly 10 years in a variety of roles including, according to his LinkedIn profile. Titles he held at National Grid included, most recently, global head of cyber product, according to Commonwealth. He is also an adjunct professor at Boston College.

At Commonwealth, Ravipaty will be responsible for building on and maintaining a corporate information security management program to ensure that data assets are protected, the company said. He will work directly with Commonwealth business units to “facilitate security risk assessments and management processes while developing and enhancing an information security management framework,” it said.

“Commonwealth’s commitment to an information security program that is comprehensive, enterprise wide, and cross functional, along with a positive, people-centric culture, is exactly where I want to be,” Ravipaty said in a statement.

Speer, meanwhile, joins Commonwealth from Parsley Energy in Austin, Texas, where he was director of infrastructure and operations since July 2019, according to his LinkedIn profile.

He will be tasked with continuing to migrate Commonwealth’s applications and infrastructure to cloud technology, as well as overseeing cloud infrastructure and managed service providers, the firm said. Speer is “looking forward to hearing from our community of advisors, their staff, and their clients so we can continue to offer technology that makes sense for the way advisors run their business today and in the future,” he said in the announcement.

Ravipaty and Speer will report to Miriam Manning, chief information officer of Commonwealth, who oversees Commonwealth’s technology team.

“Enhancing our infrastructure as we grow and evolve and reinforcing a comprehensive enterprise information security program are two critical elements of our IT strategy,” Manning said. “Mukund and Garreth’s breadth and depth of experience will allow us to continue to enhance our current advisor-facing technology solutions, as well as enable future innovation.”

Commonwealth’s business solutions empower more than 2,000 independent financial advisors across the U.S., it said.