InvestCloud, a global wealth management software provider, has named James Young its new chief information officer (CIO).
Young will be responsible for the company’s technology strategy, product development, and operations. In addition to his role as CIO for InvestCloud, Young will also be appointed as a senior advisor of Motive Partners, a specialist financial technology private equity firm invested in InvestCloud.
On his new role, Young said: “InvestCloud is at the forefront of digital technology transformation and innovation across the wealth management industry and I’m delighted to join the talented team at this stage of the company’s growth.”
“I have followed the company’s growth trajectory in past years, have worked with the team as a client, and I’m excited to work with the team to build on their accomplishments,” Young added.
Young has spent more than 30 years in senior technology roles at JPMorgan Chase in London, Paris, Geneva, Hong Kong, and most recently in New York as the deputy CIO of the corporate and investment bank. Prior to this, he was JPMorgan Chase’s CIO for Asia Pacific.
Young ran both the wholesale and consumer digital technology groups within JPMorgan Chase. Within the corporate and investment bank, he ran the wholesale client digital platform, JP Morgan Access. He subsequently moved to the consumer business as the CIO of digital, where he was responsible for modernising the digital platform, including chase.com and Chase Mobile. Under Young’s leadership, digital payments grew substantially, including through the integrations of ApplePay, RTP and PTP.
InvestCloud interim CEO Richard Lumb said: “James has extensive experience in wealth management technology as well as significant familiarity with the InvestCloud platform, I am very pleased to have him on board to lead InvestCloud into its next era of product and technology innovation.”
“James has been a central figure within JP Morgan’s technology organisation, and we are looking forward to his deep-rooted guidance in high quality software delivery, as well as his expertise in running mission critical operations.”
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