Vestmark Hires Former E*TRADE CEO, Appoints First President & COO

Michael Madden,
Contributing Editor &
Research Analyst,
Wealth Solutions Report

Vestmark Names New CEO To Lead Growth And Expansion, Appoints President And COO To Drive Firm’s Core Businesses

Vestmark announced the expansion of its leadership team by appointing former E*TRADE executive Karl Roessner as CEO and moving its former CEO, Mike Blundin, to the newly created role of President and COO.

Karl Roessner,
Chief Executive Officer, Vestmark

Roessner and Blundin will collaborate closely as Roessner takes the reins for vision and strategic direction of the firm, including business growth, expanded partnerships with other fintech companies and the addition of adjacent product lines.

Blundin will focus on the firm’s core business, including operations, platform development, direct indexing and service programs.

New product lines

Blundin stated, “As I have gotten to know Karl over the last year, it became clear that his unique combination of commercial and industry expertise, executive leadership, board-level experience and enthusiasm for Vestmark perfectly complements the skills and focus of our executive team.”

Grow the business

Roessner brings over 25 years of experience to Vestmark, most recently as CEO of Lefteris Acquisition Corp., an acquisition company focused on fintech firms. Prior to that he served as CEO of E*TRADE and a partner at international law firm Clifford Chance.

“Vestmark is uniquely positioned to combine its deep investment expertise with innovative, scalable and robust technology to transform the way we invest. I couldn’t be more excited to work with Mike and the rest of the team to grow the business and broaden our services and solutions,” said Roesnerr.

Blundin, an almost 19-year veteran of Vestmark, served in various senior executive roles at the company including CEO, Chief Technology Officer and Executive Vice President Client Delivery.

Michael Madden, Contributing Editor & Research Analyst at Wealth Solutions Report, can be reached at

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