What You Need to Know
- Neel Ray is the latest TD Ameritrade executive to leave that firm since Schwab purchased the company.
- The new hires are part of Envestnet's continued investments to expand its financial wellness ecosystem.
- Farouk Ferchichi previously was chief data and analytics officer at USAA.
Envestnet has added four financial services and technology industry veterans, including former TD Ameritrade and USAA executives, to its executive and leadership teams as part of continued investments to expand its financial wellness ecosystem, Envestnet said Wednesday.
The new Envestnet leadership team members are Neel Ray, head of mergers and acquisitions, and Jillian Munro, group head of data and analytics technology.
Ray previously served as managing director at TD Ameritrade, leading that company’s fintech investing practice. Before joining that company in 2018, he held leadership positions at Merrill Lynch and TIAA-CREF, according to his LinkedIn profile.
He is the latest TD Ameritrade executive to leave that firm since just before Charles Schwab closed its acquisition of TD Ameritrade in October. Dani Fava, who had led innovation for TD Ameritrade Institutional since 2016, left the company in July and joined Envestnet as head of strategic development.
In addition to overseeing M&A, Ray will “partner across all Envestnet business lines to further advance the company’s corporate development efforts,” the company said Wednesday. He reports to Rich Aneser, chief strategy officer.
In her newly created role, meanwhile, Munro reports to Bob Coppola, Envestnet chief technology officer, and “will work closely with him to continue to strengthen investment in financial data aggregation capabilities and insights from Envestnet | Yodlee — and align them with Envestnet’s wealth management ecosystem,” it said.
She will also manage teams and “initiatives seeking to accelerate Envestnet | Yodlee’s global leadership in data aggregation, payments, credit, and wealth use cases,” it said.
Prior to joining Envestnet, Munro served as chief technology officer of the startup payments platform Spreedly. Before that, she was head of technology for Fidelity Digital Assets, where she was responsible for Fidelity Investments’ digital currency technology, Envestnet said.
The new Envestnet executive team members are Farouk Ferchichi, chief data and analytics officer, and Mary Ellen Dugan, chief marketing officer.