Envestnet announced three Group Presidents for the new business lines. Dana D'Auria has been named Group President and Co-Chief Investment Officer, Envestnet Solutions; Farouk Ferchichi has been named Group President, Envestnet Data and Analytics; and Tony Leal has been named Group President, Envestnet WealthTech. Tom Sipp will serve as Envestnet's Executive Vice President, Business Lines, and provide leadership to bring the parts of the Envestnet organization together to meet the evolving needs of advisors, banks, FinTechs, and their clients through data and wealth solutions.

In addition, Envestnet has announced that Stuart DePina has decided to step down from his role as President at the end of June. Mr. DePina will remain an advisor to Envestnet. Since joining Envestnet 10 years ago, Mr. DePina has led Envestnet's Tamarac and Data and Analytics businesses, as well as served as the company's President since 2019.

Throughout his time with the company, Mr. DePina has championed the continued development of Envestnet's data aggregation, enterprise data management, and analytics offerings that have supported the company's growth among its wealth management, financial institution, and FinTech customers.