Commonwealth Adds IT, Information Security Leaders

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.