LPL Financial has hired Bill Sappington, a former executive at Bank of New York Mellon and Merrill Lynch, to serve as its head of Banking and Lending Solutions.
In this role, Sappington will focus on “an industry-leading offering” for LPL’s affiliated advisors and their clients, according to the firm. He will report to Chief Product Officer Kabir Sethi.
Sappington has 30-plus years of industry experience and most recently served as head of wealth management and private banking for City National Bank (2018-2019), which is part of RBC. Earlier, he was head of private banking for BNY Mellon (2007-2018).
“Bill’s deep expertise in building global banking businesses and wealth management will help LPL deliver near-term value and a long-term vision to growing LPL’s banking and lending business,” Sethi said in a statement.