LPL Financial has announced a trio of new senior executive appointments in Ilan Davidovici, Suzanne Elovic and Mike Murphy.
Davidovici has joined the firm as executive vice president, corporate strategy, tasked with helping LPL define long-term vision, shape strategic priorities, evaluate growth opportunities and position its advisors for continuing success. He comes to LPL from Edward Jones, where he served as a principal and general partner and led client and branch management functions.
Davidovici previously held roles at Salesforce and Deloitte Consulting, among others.
Marc Cohen, LPL’s chief growth officer, cited Davidovici’s expertise in strategy, digital transformation and client experience as key drivers of his appointment.
Elovic, in her new role as executive vice president, head of supervision, will lead efforts to enhance LPL’s supervision experience, including scaling oversight for greater efficiency and effectiveness while pursuing consultative supervisory engagement.
Elovic has held a variety of legal and compliance leadership roles, including at organizations such as FINRA, UBS, Carta and Parallel Markets, a regulatory technology firm.
Murphy, as executive vice president, head of service, will oversee LPL’s frontline service teams. He will be focused on designing and deploying programs that will continue to elevate advisor, client and employee experiences.
Murphy most recently served as chief operations officer at LongBridge Securities. Previously, he was managing director of digital direct client services at E-Trade from Morgan Stanley. He also led retail support and operations at TD Ameritrade.
“Service and supervision are key components of the advisor experience, and Suzanne and Mike will help us build differentiated strategies and capabilities in these areas,” said Matt Audette, president and chief financial officer of LPL.
In addition to the three executive hires, the firm also announced that Somesh Khanna has been elected to the company’s board of directors as an independent director.
Khanna currently serves as a senior advisor at McKinsey & Company and is the executive co-chair of Apexon, a technology services firm specializing in artificial intelligence, data and digital-first solutions. He also serves on the boards of KeyCorp and Persado.
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