LPL Taps New Exec From Google

News July 27, 2023 at 01:21 PM
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LPL Financial's new chief legal officer will join the firm in September 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, client support and vendor management office, LPL said Wednesday.

Althea Brown will serve as LPL's managing director and chief legal officer, leading the firm's law and government relations, litigation and regulatory affairs, and legal operations and business management functions, while also serving as a member of the firm's management committee.

Brown will be relocating to San Diego, where she will work out of LPL's corporate office on the West Coast.

She will fill the role currently held by Michelle Oroschakoff, who is retiring this fall after 10 years with LPL and 30 years in the industry, LPL said.

"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," CEO and President Dan Arnold explained in a statement.

Brown has "significant experience in leading high-performing legal teams for large corporations across retail, technology and financial services," according to Arnold.

"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," he added.

Prior to Google, Brown served as supervising attorney for Morgan Stanley Smith Barney. She holds a Six Sigma Black Belt for project management 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," Brown said in a statement.

She also pointed to LPL's "commitment to developing innovative technology, services and capabilities that empower and enable advisors and institutions to effectively support their clients' financial goals."

LPL now supports over 21,000 financial advisors, including advisors at about 1,100 enterprises and at about 500 registered investment advisor firms across the U.S.

Althea Brown, LPL Financial's new chief legal officer..

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