Two senior executives at Osaic have stepped down from their roles this week, including Dimple Shah, head of strategy and client experience, and Sudhakar Kanagarajan, head of application engineering and architecture, the firm confirmed. Osaic has not hired replacements for either role.\u00a0<\/p>\n
An Osaic spokesman said Shah decided to depart to pursue a new opportunity.\u00a0<\/p>\n
\u201cWe thank Dimple for her contributions during her four years at the firm and wish her the best in her next chapter,\u201d the spokesman said. \u201cOsaic has a strong leadership team in place and remains focused on executing our strategy and continuing to invest in the solutions, support and client experience that drive advisor growth and success.\u201d<\/p>\n
A source familiar with the industry said Shah is joining one of Vestigo Ventures\u2019 portfolio companies. Vestigo is the venture capital firm created by Mark Casady, the former CEO of LPL Financial.\u00a0<\/p>\n
Kanagarajan is joining Fidelity Investments, where he worked for 16 years prior to joining Osaic in 2023. He was serving as vice president of wealth management technology before departing Fidelity. Osaic uses Fidelity as one of its custodians.\u00a0<\/p>\n