Business
LPL Financial Names Althea Brown Chief Legal Officer
Tenured executive will continue to evolve legal department into a best-in-industry asset for financial advisors, institutions and LPL CHARLOTTE, N.C., July
About this update from Lpl Financial Holdings Inc.
[{"type":"text","content":"Tenured executive will continue to evolve legal department into a best-in-industry asset for financial advisors, institutions and LPL\nCHARLOTTE, N.C., July 26, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) announced today that Althea Brown will join LPL in September as managing director and chief legal officer. She will lead the firm’s Corporate Law and Government Relations; Litigation and Regulatory Affairs; and Legal Operations and Business Management functions; and serve as a member of the Management Committee. “Althea has significant experience in leading high-performing legal teams for large corporations across retail, technology and financial services,” said Dan Arnold, LPL president and CEO. “Her experience leading legal teams that support innovative and highly regulated technology products and solutions makes her the right leader to continue to evolve our legal department into a best-in-industry asset for our clients.” Brown joins LPL from Google, where she most recently served as Legal Director, overseeing a large team of product and commercial lawyers advising subsidiary Fitbit and Google’s Devices and Services’ marketing, e-commerce, retail, customer support and the vendor management office. Earlier in her career, Althea served as supervising attorney for Morgan Stanley Smith Barney. She holds a Six Sigma Black Belt and is a Fellow with the Leadership Council on Legal Diversity. “As someone who values teamwork, collaboration and financial empowerment, I’m honored to join LPL’s Management Committee as we continue to pursue LPL’s mission to take care of advisors so they can take care of their clients,” said Brown. “It’s inspiring to see the firm’s dedication and commitment to developing innovative technology, services and capabilities that empower and enable advisors and institutions to effectively support their clients’ financial goals.” Brown will be relocating to San Diego, CA where she’ll work out of LPL’s corporate office. She will fill the role currently held by Michelle Oroschakoff, who will retire this fall after a 10-year career at LPL and 30 years in the industry. “Over the last decade, Michelle has been instrumental to the firm’s success through her legal and compliance expertise, thoughtful leadership and commitment to fostering a culture of belonging. We thank her and wish her well,” Arnold said...