MutualFundWire.com: 30. Mark Casady

MutualFundWire.com

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Monday, November 22, 2010

30. Mark Casady

Mark Casady
LPL Financial
Chairman of the Board and CEO

LPL's recent initial public offering puts a new form of currency into the hands of the giant independent broker-dealer. Even without that advantage, LPL has shaken up distribution for fund firms by offering an alternative to wirehouse brokers. Going forward, LPL is eyeing the 401(k) market for additional growth.

That effort returns Casady to his roots -- he ran the defined contribution business at Scudder before that firm was sold to Deutsche Bank. Early in his career, he headed global custody operations in Northern Trust's London office.

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