Vector Group Appoints Industry Leader David Ballard as Senior Vice President, Enterprise Efficiency and Chief Technology Offi...
July 13 2020 - 8:00AM
Business Wire
Vector Group Ltd. (NYSE: VGR) (the “Company”) today announced
that it has appointed veteran industry operations and technology
leader David Ballard as Senior Vice President, Enterprise
Efficiency and Chief Technology Officer. In this newly-created
role, Mr. Ballard will be responsible for seeking out new
technologies and operational efficiencies for the Company and its
subsidiaries. Mr. Ballard has served as a consultant to the Company
since February 2020.
“We are delighted to welcome David to the Company,” said Howard
M. Lorber, President and Chief Executive Officer of Vector Group.
“With over 30 years of experience, David will bring to our
management team a level of technology and operations expertise that
will be highly additive. In this rapidly-evolving industry
landscape, bringing aboard a visible and respected leader of his
caliber underscores our commitment to remaining at the forefront of
technology and digital operations.”
Most recently, Mr. Ballard served as Senior Vice President,
Enterprise Services of Ladenburg Thalmann Financial Services Inc.
He led Ladenburg’s technology and operations platform and
architected much of its shared services model, until February 2020,
when the company was successfully sold for $1.3 billion to Advisor
Group, a portfolio company of Reverence Capital Partners.
Prior to joining Ladenburg, he served as President and Chief
Operating Officer for Docupace Technologies, a leading digital
operations technology provider in the wealth management space.
Previously Mr. Ballard was Executive Vice President and Chief
Operating Officer at Cetera Financial Group, a role which was
preceded by more than two decades of relevant executive and
management positions at several firms in the independent financial
advisory and asset management industries, including AIG Advisor
Group, SunAmerica Mutual Funds and AIG Retirement Services. Mr.
Ballard’s primary focus in these roles was to serve thousands of
independent agents, whether financial advisors or real estate
brokers.
About Vector Group
Vector Group is a holding company for Liggett Group LLC, Vector
Tobacco Inc., New Valley LLC, and Douglas Elliman Realty, LLC.
Additional information concerning the Company is available on the
Company's website, www.VectorGroupLtd.com.
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