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Vestmark Appoints UMB Veteran, Steven A. Smith, as Senior Vice President of Business Development

Wakefield, MAMay 17, 2018 – Vestmark, a leading provider of wealth management solutions, today announced that Steven Smith has joined as Senior Vice President of Business Development. In this pivotal role, Smith will expand Vestmark’s North American client base, building strategic relationships with broker-dealers, investment managers, registered investment advisors, and bank trust firms.

“Vestmark is well-positioned for tremendous growth in supporting wealth management organizations,” Smith said. “I am excited to join the company at such an important time in the industry and I look forward to helping drive the business to its next stage of growth.”

Formerly SVP of Business Development for UMB Fund Services, Smith brings more than 30 years of experience in financial services to Vestmark. Prior to joining UMB, Smith spent seven years at J.P. Morgan World Wide Securities Services as SVP of Business Development for their Western Hemisphere division, and also served in their managed account services product area until it was acquired by UMB in 2010. Before this, Smith spent four years at both ABN AMRO North American Asset Management and BISYS Fund Services where he was responsible for mutual fund operation, administration, and distribution initiatives. He has also held sales management positions at Kemper Corporation, Dean Witter and Balcor/American Express.

“Steve’s strong track record of success and experience working with broker dealers, bank trusts, asset managers, and registered investment advisors will help Vestmark bolster our expansion efforts and better serve the growing needs of the industry.” said John Lunny, CEO of Vestmark. “We’re excited to welcome him to the Vestmark team and to leverage his breadth of knowledge and deep industry experience.”

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About Vestmark

Headquartered outside of Boston, MA and founded in 2001, Vestmark is a leading provider of portfolio management/trading solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage and trade customized client portfolios through an innovative SaaS platform. Supporting over $1 trillion in assets and 4 million accounts, Vestmark is a trusted partner to some of the largest and most respected wealth management firms. For more information about Vestmark’s solutions, call (781) 224-3640, email, or visit

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