LPL Financial Holdings Inc., the nation’s largest independent broker-dealer, announced that Albert Ko has been elected to the company’s board of directors as an additional independent director.
Ko serves as chief executive officer of Early Warning Services, LLC, a financial technology company owned by seven of the country’s leading banks, which is best known as the owner and operator of the Zelle payments network. In addition to Zelle, Ko handled the company’s portfolio of deposit and payment risk management, identity verification and authentication solutions for banks.
He joins LPL’s board with two decades of executive leadership in financial services and management consulting. Ko previously held senior executive roles at Intuit Inc., a business software company that specializes in financial software, including chief transformation officer. He was also general manager of Mint, a personal finance management app, and head of product for Intuit’s Small Business Group. Prior to joining Intuit, Ko was a management consultant at both the Boston Consulting Group Inc. and McKinsey & Company, where he advised technology and industrial clients.
“We are pleased to welcome Al as a director,” said James Putnam, chair of the board. “In addition to a deep understanding of the financial services industry, including institutional risk management, he brings expertise in strategic planning and organizational effectiveness gained from his roles in management consulting. His proficiency in consumer insights, technology and data analytics will be a strategic asset to our company as we continue to focus on the evolving needs of our advisors and institutions.”
Ko currently serves on the board of directors of Elation Health Inc., a privately held healthcare technology company. He received a B.A. from Yale University and a J.D. from Harvard Law School.
LPL supports more than 21,000 financial advisors, 1,100 institution-based investment programs and 500 independent RIA firms nationwide.
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