Cetera Financial Group, a network of independent broker-dealer firms in the US, has appointed Jeffrey Buchheister as its new CFO.
Buchheister, who has over 22 years of financial services industry experience, will assume the new role on 2 August 2016.
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He most recently held the role of an executive vice president and chief accounting officer for LPL Financial, where he spent 13 years.
Prior to that, he served as a senior manager at Deloitte, where he was responsible for overseeing audit and audit-related consulting engagements for financial services firms.
He will report directly to Cetera CEO R. Lawrence Roth and will also become a member of the company’s executive leadership team.
Commenting on the new appointment, Roth said: "We are excited to have a senior corporate finance and accounting professional of Jeff's caliber and proven industry experience join us to serve on our leadership team. His many years in the retail independent financial advice space in operational and corporate executive roles, combined with his high-level financial skills, made him an ideal choice for this pivotal position.
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By GlobalData“With our strategic transformation into a well-capitalized and privately-held Cetera-only organization successfully completed, our focus has been on enhancing our executive team and Board structure to best position our company to capitalize on the many opportunities we see ahead. In this fast-evolving industry, we will undoubtedly benefit from Jeff's expertise and counsel.”
