#United States #Envestnet #Wealth Management #Berwyn #Bhaskar Peddhapati

Envestnet Appoints Bhaskar Peddhapati as Chief Technology Officer

In a significant move to bolster its technology capabilities, Envestnet has named Bhaskar Peddhapati as its new Chief Technology Officer (CTO), effective immediately. The appointment aims to accelerate the company’s innovation and AI-driven transformation, ensuring it remains at the forefront of the wealth management technology sector.

Located in Berwyn, Pennsylvania, Envestnet is known for its connected technology and advanced insights tailored for wealth management solutions. The addition of Peddhapati as CTO marks a pivotal step in reinforcing Envestnet’s commitment to integrating artificial intelligence within its platforms and enhancing service offerings for clients. He will be directly reporting to CEO Chris Todd, overseeing all aspects of technology, engineering, and information security across the organization.

Peddhapati brings over 25 years of extensive experience in technology and product development, particularly within the FinTech domain. He has a proven record in driving innovation, having managed teams exceeding 2,500 professionals worldwide. His expertise spans various fields, including cloud strategy, data platforms, and AI, making him a valuable asset for Envestnet.

In his previous role as Senior Vice President at Cotality (formerly CoreLogic), he spearheaded modernization initiatives across the company's property data and analytics portfolio. Peddhapati played a significant role in forging client relationships and enhancing engineering capabilities while focusing on AI-driven transformations.

Prior to that, he spent over a decade at NielsenIQ, where he was instrumental in evolving the company into a data-driven powerhouse. As the Global Head of Technology for NielsenIQ’s flagship platforms, he led the development and operationalization of groundbreaking solutions that have been pivotal in shaping industry standards.

Todd expressed his confidence in Peddhapati's capabilities, stating, "Bhaskar is an architect of systems, cultures, and transformation. His track record of building global technology platforms, empowering teams, and driving innovation through data and AI makes him the ideal CTO as we enter our next era of growth." This emphasis underlines the centrality of technology in Envestnet’s broader strategy.

Peddhapati himself conveyed enthusiasm about his new role, stating, "Envestnet is at an incredible inflection point – where technology, data, and AI are converging to redefine how advisors and institutions serve their clients. I’m excited by the opportunity to help accelerate that transformation, focusing on technology to create maximal value for our employees and customers."

The appointment of Bhaskar Peddhapati signals a strategic endeavor by Envestnet to enhance its market leadership through innovative technology solutions, particularly as the financial landscape evolves rapidly. By placing a strong emphasis on AI and integrated solutions, Envestnet aims to meet the ever-growing demands of financial advisors and their clients, driving smarter, data-driven decisions in wealth management.

As Envestnet continues to grow and adapt, the tech-forward vision led by Peddhapati is expected to lead to enhanced service offerings and a stronger competitive edge in the wealthtech arena. For further insights on Envestnet and its upcoming ventures, interested parties are encouraged to visit Envestnet's official website.