LPL Financial announced Tuesday that Dan Arnold, currently head of strategy for the largest independent broker-dealer, has been named chief financial officer of the company, the latest step in a management reorganization that has played out over the last few months.
In assuming the CFO position effective June 15, Arnold replaces Robert Moore, who became LPL's president (replacing LPL veteran Esther Stearns, who took a new job at the company) and COO on May 1.
Following what Arnold said in a Tuesday interview would be a three-month "deliberate and thoughtful" transition period, he will begin reporting to Mark Casady, chairman and CEO of LPL.
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