Commonwealth Recruits New Chief Privacy Officer From LPL
What You Need to Know
Prior to joining Commonwealth, Michelle Kelley was with LPL for more than 16 years.
In the newly created position at Commonwealth, Kelley will lead its legal department and offer counsel on cybersecurity and privacy laws.
She will work closely with Commonwealth’s Information Security team.
Commonwealth Financial Network has appointed industry veteran Michelle Kelley, formerly of LPL Financial, to serve as senior vice president, deputy general counsel and chief privacy officer.
In the newly created position, Kelley will lead Commonwealth’s legal department and offer counsel on cybersecurity and privacy laws, teaming closely with Commonwealth’s Information Security team, the firm said Monday.
Kelley will guide the firm and executive management team on strategic initiatives and regulatory matters, Commonwealth noted. She will oversee the team that the firm said is responsible for commercial agreements, customer complaints, litigation and arbitrations, regulatory enforcement matters, and contracts and vendor agreements.
Pointing to the increasingly needed focus on data security and cybersecurity, Commonwealth said Kelley will “enhance” its privacy and data security alongside the firm’s chief information security officer, Mukund Ravipaty.
Kelley joins a multidisciplinary leadership team that the firm said is “committed to developing innovative and nimble solutions to help advisors accelerate their growth.”
Kelley will report to Peggy Ho, Commonwealth senior vice president, general counsel and chief risk officer.
For the past 16 years, Kelley has held various roles at LPL, most recently as senior vice president, government relations, chief privacy officer and associate general counsel, Commonwealth said.
