Wedbush Securities expands IT team with Mark Stephens appointment

Wedbush Securities has announced the appointment of Mark Stephens as Vice President of Technology Operations, marking a significant expansion of its Information Technology department. This strategic move is aimed at enhancing client support and ensuring system stability as the firm’s multi-asset clearing business continues to expand. Stephens, who previously served as Chief Information Officer at Sterling Trading Tech, brings extensive industry experience that will be crucial in addressing the growing demands of the firm’s operations. In his new role, Stephens will prioritize system robustness, scalability, and operational efficiency. His expertise is expected to play a vital role in delivering high availability and superior client support, which are essential as Wedbush aims to improve its technological infrastructure. Executive Vice President and Chief Operating Officer, Rodrigo Parrode, emphasized the importance of investing in technology and personnel to enhance the client experience and operational excellence. Wedbush Securities, founded in 1955 and headquartered in Los Angeles, is recognized for its diverse financial services, including securities brokerage, clearing, and investment banking. The firm has a strong commitment to client service and financial safety, which is reflected in its ongoing investments in technology and system infrastructure. With nearly 900 employees and 100 registered offices, Wedbush is well-positioned to support a growing client base. The appointment of Stephens aligns with Wedbush's long-term strategy to focus on innovation and reliability. By enhancing its technological capabilities, the firm aims to provide a seamless experience for clients, from onboarding to trading and settlement, through robust automated solutions.