Vestmark, a leading provider of portfolio management tools and trading software, today announced that it has named company veteran Michael Blundin as Chief Executive Officer in a planned transition. John Lunny, a founding executive of the company who has served as CEO since 2008, will step into the role of Vice Chairman of Vestmark’s Board of Directors.
Mr Blundin joined Vestmark in 2004 and has served in multiple executive roles, including CTO, EVP of Client Delivery, SVP of Relationship Management and General Manager of Managed Services.
In his 17 years at the company, he has played a key role in shaping Vestmark’s strategy, forging deep client relationships and leading teams responsible for relationship management, software engineering, product management, quality assurance, implementation and consulting services. Prior to joining Vestmark, Mr Blundin served in executive roles at Savantis Systems, Vignette Corporation and Cirrus Recognition Systems, a company he co-founded.
Michael Blundin holds a BA in Physical Sciences from Colgate University, where he studied Physics, Chemistry, and Japanese.
Michael Blundin commented:
“I am honored to be taking over the CEO role at the company John helped conceive and build into one that now supports more than 5 million investor accounts and $1.4 trillion in assets. John’s leadership and vision inspired the deep-rooted culture of teamwork that has kept Vestmark on the leading edge of wealth-tech for two decades.
We are set to continue this legacy by driving innovation for investors and those who serve them, paving the way for individuals and families to access a wider range of personalized investment opportunities and be active participants in their financial futures.”