SOURCE: Vestmark, Inc.

September 18, 2008 06:00 ET

John Lunny Named CEO of Vestmark

Dave Blundin Continues as Chairman of the Board

WAKEFIELD, MA--(Marketwire - September 18, 2008) - Vestmark, Inc. announced today that their COO John Lunny has been promoted to the position of Chief Executive Officer. Lunny succeeds the current CEO Dave Blundin who will continue serving as chairman of the board.

"John has been with Vestmark since the beginning and the leadership he has provided in his role of COO has been essential to streamlining Vestmark's operations, building a competitive product, and establishing our client services organization," said Blundin. "John has the respect of our employees, clients, and partners as a whole. He is the natural choice to become Vestmark's CEO at this stage of our growth."

Prior to joining Vestmark in 2002, Lunny was senior director of engineering at Vignette Corporation (VIGN), where he was responsible for Vignette's analysis, personalization, and wireless products. Lunny joined Vignette through their acquisition of DataSage in 2000, where Lunny was a cofounder of DataSage with Blundin and served as the vice president of engineering, responsible for all product design and development. Lunny graduated from MIT with degrees in both electrical engineering and computer science.

"Due in large part to John's leadership, we have achieved our goal of becoming the technology leader in our space by hiring a number of great people and making solid business decisions," said Blundin. "I look forward to a smooth transition and working with John on Vestmark's strategy in my continued role as chairman."

"The opportunity in front of Vestmark is very exciting and I look forward to leading us into the future," said Lunny. "The people at Vestmark are extremely intelligent, hard-working and motivated and I can't imagine a better group of people to work with. It's a great honor."

The wealth management industry that Vestmark serves has seen significant growth year after year with a growing demand for more technology and servicing. Vestmark was not only voted one of the Best Places to Work in 2006, but it won the Deloitte Fast 50 award in 2007.

About Vestmark

Vestmark is a full service investment technology provider for investment managers, overlay managers, sponsors, and operations outsourcing service providers in the managed accounts industry. Vestmark's solution enables greater product innovation, increased operational efficiency, and compliance for its customers. The Vestmark Managed Accounts Platform (VMAP) is a modern, web-based platform providing complete functionality and connectivity to support the innovation in managed account products and the growth of the managed accounts industry. Vestmark is headquartered in Wakefield, Massachusetts with offices in Oakland, California; Cambridge, Massachusetts; and Jersey City, New Jersey. For more information about Vestmark's managed accounts platform solutions, please call 781-224-3640, email info@vestmark.com, or visit www.vestmark.com.

Contact Information

  • Contact:
    Rob Klapprodt
    President
    Vestmark Software
    +1 (781) 224-7845