Hyderabad, Feb 4 (.) LPL Financial, a Fortune 500 wealth management firm, has launched a technology-centric Global Capability Center (GCC) in Hyderabad on Wednesday to accelerate innovation in financial technology, data platforms, and artificial intelligence.
The new center will serve as a key global hub for next-generation digital platforms, supporting LPL’s expanding ecosystem of financial advisors through advanced engineering, analytics, cybersecurity, and cloud-based solutions, the US based company said in a release.
The company has appointed Ramesh Kaza as Executive Vice President and Head of Country to lead the Hyderabad operations.
LPL Financial said the GCC will focus on AI engineering, data and analytics, network security, core infrastructure, middleware, and software development, strengthening the firm’s ability to deliver scalable, secure, and personalized wealth-management technology.
Hyderabad was selected for its strong technology talent base, mature startup ecosystem, and reliable digital infrastructure.
Over the next three to five years, the company plans to create hundreds of technology roles, building integrated teams that work closely with counterparts in the United States.
“As we expand our digital capabilities, Hyderabad enables us to build high-impact engineering teams focused on creating modern financial platforms,” said Greg Gates, Chief Technology and Information Officer at LPL Financial. “This center will help set new benchmarks in financial services technology.”
Kaza joins LPL Financial from State Street, where he served as Chief Information Officer for India. He previously held senior global technology leadership roles at Bank of America and has worked with Fidelity Investments and GE Capital.
“The Hyderabad GCC will be a catalyst for innovation, enabling faster delivery of intelligent, data-driven solutions,” Kaza said.
“By combining global collaboration with local engineering excellence, we aim to redefine how technology supports wealth management” Kaza added.
LPL Financial supports over 32,000 financial advisors and manages nearly $2.4 trillion in assets, serving around 8 million clients in the U.S. through its digital and advisory platforms.
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