Altruist Appoints Sumanth Sukumar As Chief Technology Officer

Mar 12, 2025•4 months ago

Position

Chief Technology Officer

Company

Altruist

Sumanth Sukumar

Culver CityFinancial Services

Description

Altruist has appointed Sumanth Sukumar as its Chief Technology Officer (CTO). Sumanth will ensure ongoing platform security and reliability, oversee rapid innovation alongside the integration of AI into internal systems and new products.

Company Information

Company

Altruist

Location

Culver City, California, United States

About

Altruist is the modern custodian for independent RIAs. Altruist combines a self-clearing brokerage firm with intuitive software for account opening, trading, reporting, and billing – all in one streamlined solution. With Altruist, you can create custom models, trade fractional shares, automate rebalancing, and share performance with clients using a modern mobile app. Learn more at https://www.altruist.com and follow Altruist on Twitter @altruist.

Executive Insights

Based on hiring data

New executive impact window

87% of new executives make significant technology decisions within first 100 days

Budget influence

C-level executives control 73% of technology spending decisions

Transformation catalyst

65% of new senior hires launch digital transformation initiatives

Vendor review timeline

New executives typically review existing vendors within 6 months

Related People

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