|By Marketwired .||
|May 20, 2014 08:52 AM EDT||
WAKEFIELD, MA -- (Marketwired) -- 05/20/14 -- Vestmark, a leading innovator of advisory solutions and wealth management technology, today announced industry veteran Mark Saunders as the VP, Director of Operations of Vestmark Business Process Outsourcing (BPO). In this new role, Mr. Saunders will be responsible for supporting the expansion of Vestmark's Jersey City-based BPO unit and executing initiatives to enhance the services provided to BPO clients.
Mr. Saunders is a seasoned financial services manager with more than 15 years of experience in the industry. Prior to joining Vestmark, Mr. Saunders was VP of Wrap Operations at Goldman Sachs Asset Management, where he was responsible for daily reconciliation, account opening and servicing, composite performance maintenance, and account guidelines monitoring. During his time at Goldman Sachs, Mr. Saunders worked with IT and vendors to consolidate all GSAM managed SMA wrap accounts onto VestmarkONE. In addition to Goldman Sachs, Mr. Saunders has also held senior managerial positions with Hillman Capital Management and Envestnet.
"We are very excited to have Mark bring his knowledge of the complex middle- and back-office operations space to Vestmark," said Steven Camp, Senior Vice President of BPO. "His deep experience will be tremendously valuable to serving our clients' needs and contributing to the continued growth of our BPO business."
About Vestmark BPO
Vestmark launched its Business Process Outsourcing (BPO) service in 2013. This service allows users of the VestmarkONE wealth management platform to flexibly outsource middle- and back-office operational functions to Vestmark, enabling firms to focus on their core competencies and business needs.
Vestmark provides VestmarkONE, a unified wealth management platform offering comprehensive, real-time technology that enables broker-dealers, investment managers, RIAs, bank trusts, and other financial firms to deliver holistic wealth management and a full range of advisory solutions. Vestmark's experienced team works closely with clients to implement tailored solutions incorporating best practices that help firms gather more assets, increase efficiencies, and minimize operating risks.