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CINCINNATI–(Business enterprise WIRE)–Nov 16, 2021–

Luma Fiscal Systems (“Luma”), the world’s prime impartial and most aim, multi-issuer structured merchandise and annuities system, is happy to announce that Arun Kumar has joined the organization as Main Technology Officer, reporting immediately to Tim Bonacci, President and Chief Executive Officer of Luma.

Dependent in Luma’s New York City office, Mr. Kumar will oversee the growth and dissemination of the firm’s superior technologies, which is relied on by a increasing universe of financial specialists transacting in the structured solution and annuity marketplaces to travel greater client results.

“Arun provides to Luma in excess of two many years of tech working experience at the highest of levels. His outstanding practical experience major economic corporations mixed with globe top know-how innovation companies is second to none,” explained Mr. Bonacci. “The exponential expansion Luma has skilled across new markets and item sets will be bolstered with Arun as our know-how lead. We’re happy to carry our clients the most objective, reducing-edge platform in the industry and appear ahead to Arun’s contributions for lots of yrs to occur.”

Mr. Kumar joins Luma from Citadel LLC, exactly where he was responsible for core platforms, company facts and analytics, enabling more rapidly time to market place from thought generation to trading approaches and trade execution. Earlier, at Amazon, he led a staff of 450+ engineers, item managers, scientists and functions professionals to aggressively build and manage their machine learning platforms powering all of Arun also invested time as the World-wide Head of Improvement at Thomson Reuters wherever he is credited for overseeing the structure and advancement of Thomson Reuters’ (Refinitiv) $2 Billion earnings building high quality Industry Information system – Eikon.

“I’m thrilled to join a organization at the forefront of revolutionizing the way monetary specialists transact in the non-liquid alternate marketplace,” reported Mr. Kumar. “Technology is a recreation-changer in the prosperity management market, and all those who embrace it are ready to tackle their client’s wants extra successfully and proficiently. I appear ahead to bringing my encounter to Luma to push its methods to new levels.”

Mr. Kumar earned a BE in Laptop Science from Sri Chandrasekharan Saraswati Viswa Maha Vidyalaya, as effectively as an MSE and PhD in Pc Science from Johns Hopkins College.

About Luma Money Systems

Luma Fiscal Technologies is the creator of Luma, a absolutely customizable, independent, purchase-side technology platform that aids economic groups a lot more effectively discover, create, purchase, and deal with marketplace-linked investments these kinds of as structured goods, structured annuities and much more.

Introduced in 2011, Luma is a single of the greatest and longest-tenured structured products platforms in the U.S. market place and is applied by broker/vendor companies, RIA workplaces and non-public banks to automate and enhance the complete procedure cycle for providing and transacting in market-linked investments. This incorporates education and certification development and pricing of personalized constructions buy entry and publish-trade actions. Luma is multi-issuer, multi-wholesaler and multi-products, thus offering teams with an considerable breadth of industry-connected investments to best fulfill clients’ particular portfolio demands.

Headquartered in Cincinnati, OH, Luma also has offices in New York, NY, Zurich, Switzerland, and Chile. For a lot more information, please take a look at Luma’s website, or abide by us on LinkedIn and Twitter.

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Resource: Luma Monetary Systems

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PUB: 11/16/2021 10:03 AM/DISC: 11/16/2021 10:03 AM

Copyright Enterprise Wire 2021.