BERWYN, PA — Envestnet has named Bhaskar Peddhapati as its new Chief Technology Officer, tasking him with advancing the company’s technology strategy, accelerating its use of artificial intelligence, and driving long-term innovation across its wealth management platform.
Reporting directly to Chris Todd, Envestnet’s Chief Executive Officer, Peddhapati will oversee all aspects of technology, engineering, and information security. His appointment signals a renewed focus on integrating AI throughout the firm’s systems to enhance scalability, intelligence, and operational efficiency for advisors and institutional partners.
“Bhaskar is an architect of systems, cultures, and transformation,” said Todd. “His track record of building global technology platforms, empowering teams, and driving innovation through data and AI makes him the ideal CTO as we enter our next era of growth. Technology lies at the heart of Envestnet’s strategy, and Bhaskar’s leadership will help us deliver even greater intelligence, efficiency, and value for our clients and partners.”
A veteran technology executive with more than 25 years of experience, Peddhapati has led global teams of over 2,500 engineers and product professionals across the fintech, data analytics, and AI sectors.
Most recently, he served as Senior Vice President and Head of Mortgage Technology Solutions at Cotality (formerly CoreLogic), where he led modernization initiatives and advanced AI adoption across property data and analytics platforms. He also spent over a decade at NielsenIQ, where he helped build global market intelligence systems used by major consumer brands and retailers. Earlier in his career, Peddhapati held leadership roles at Wells Fargo, helping expand access to digital wealth solutions.
“Envestnet is at an incredible inflection point—where technology, data, and AI are converging to redefine how advisors and institutions serve their clients,” said Peddhapati. “I’m excited to help accelerate that transformation, putting technology at the center of our business to create more value for our employees and customers.”
Peddhapati’s appointment comes as Envestnet continues to scale its wealthtech ecosystem, positioning AI and data-driven innovation as core pillars of its next phase of growth.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.