Envestnet, a US-based provider of integrated wealth management technology and services to investment advisors and wealth managers, has appointed Zachary Karabell head of global strategy.

In his new role, Karabell will help shape and communicate Envestnet’s investment perspective and deep research capabilities to clients and the media alike and advise the investment committee of Envestnet in connection with PMC’s portfolio solutions.

Karabell will also work with senior management on overall corporate strategy, branding and market position besides crafting market strategy and providing regular information about the global economy and financial markets.

Karabell was most recently executive vice president, chief economist and head of marketing at Fred Alger Management, a New York-based investment firm managing approximately US$19 billion in mutual funds and institutional accounts.

At Alger, Karabell was responsible to for the creation, launch and marketing of several funds as well as corporate strategy for strategic acquisitions. He was also president of broker-dealer Fred Alger & Co, portfolio manager of the five-star China-U.S. Growth Fund and executive vice president of Alger’s Spectra Funds.

Bill Crager, president, Envestnet, said: "Envestnet is dedicated to helping advisors translate a torrent of market and investment information into intelligence that directly supports better investment outcomes."