Victor Fetter Is Out at LPL; Former AmEx, eBay Exec Is In
June 22, 2017 By Janet Levaux, ThinkAdvisor The IBD taps Scott Seese for the CIO post in a move that one recruiter calls ‘a big deal’ LPL Financial says Chief Information Officer Victor Fetter is leaving the firm and will be replaced on July 10 by Scott Seese, who has been CIO of American Express’ global consumer business unit and of eBay. The change comes about six months after Dan Arnold stepped into the CEO slot left by the retiring Mark Casady, who also acted as chairman. Previously, Arnold was president of the independent broker-dealer, a role he took on in 2015, when Robert Moore departed. LPL’s stock traded down about 2% at under $41 per share on Thursday. At least two recruiters are upbeat on the large IBD’s CIO news. Technology has become a very important...