InvestCloud appoints banking tech expert as CIO
NEW YORK, UNITED STATES — Wealth management firm InvestCloud, Inc. (InvestCloud) has appointed banking technology veteran James Young as its Chief Information Officer (CIO).
As the firm’s CIO, Young will be responsible for the firm’s tech strategy and initiatives, product development, and operations. InvestCloud supports over $6.4 trillion of assets across its platforms.
Young brings over 30 years of experience with financial firm JPMorgan Chase (JPMorgan) in London, Paris, Geneva, and Hong Kong. Prior to joining InvestCloud, Young was Deputy CIO of the Corporate and Investment Bank in JPMorgan New York.
Young ran the wholesale and consumer digital tech groups at JPMorgan. He also led the firm’s wholesale client digital platform, J.P. Morgan Access. As JPMorgan’s CIO of Digital, Young modernized the bank’s digital systems, including the chase.com and Chase Mobile platforms.
One of his key milestones was fostering growth by integrating Apple Pay, real-time payments, and promise-to-pay systems.
Young will also be the Senior Advisor of Motive Partners, a private equity firm that acquired 80% of InvestCloud in 2021 with Clearlake Capital Group, L.P. (Clearlake), a private equity firm based in California.
Motive Partners and Clearlake merged Investcloud into its two portfolio businesses, Finantix and Tegra118.
“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,” said Richard Lumb, Interim Chief Executive Officer of InvestCloud.
“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 said.
