Luma Financial Technologies Appoints Arun Kumar as Chief Technology Officer
Written by Chris Olson on Nov 16, 2021
Industry veteran with two decades of experience developing high performance real-time systems and trading platforms to lead Luma’s worldwide engineering teams
Cincinnati, OH, November 16, 2021 – Luma Financial Technologies (“Luma”), the world’s top independent and most objective, multi-issuer structured products and annuities platform, is pleased to announce that Arun Kumar has joined the firm as Chief Technology Officer, reporting directly to Tim Bonacci, President and Chief Executive Officer of Luma.
Based in Luma’s New York City office, Mr. Kumar will oversee the development and dissemination of the firm’s superior technology, which is relied upon by a growing universe of financial professionals transacting in the structured product and annuity marketplaces to drive better client outcomes.
“Arun brings to Luma over two decades of tech experience at the highest of levels. His impressive experience leading financial firms combined with world leading technology innovation firms is second to none,” said Mr. Bonacci. “The exponential growth Luma has experienced across new markets and product sets will be bolstered with Arun as our technology lead. We’re proud to bring our customers the most objective, cutting-edge platform in the market and look forward to Arun’s contributions for many years to come.”
Mr. Kumar joins Luma from Citadel LLC, where he was responsible for core platforms, enterprise data and analytics, enabling faster time to market from idea generation to trading strategies and trade execution. Previously, at Amazon, he led a team of 450+ engineers, product managers, scientists and operation managers to aggressively build and maintain their machine learning platforms powering all of Amazon.com. Arun also spent time as the Global Head of Development at Thomson Reuters where he is credited for overseeing the design and development of Thomson Reuters’ (Refinitiv) $2 Billion revenue generating premium Market Data platform – Eikon.
“I’m thrilled to join a company at the forefront of revolutionizing the way financial professionals transact in the non-liquid alternative marketplace,” said Mr. Kumar. “Technology is a game-changer in the wealth management industry, and those who embrace it are able to address their client’s needs more efficiently and effectively. I look forward to bringing my experience to Luma to drive its solutions to new levels.”
Mr. Kumar earned a BE in Computer Science from Sri Chandrasekharan Saraswati Viswa Maha Vidyalaya, as well as an MSE and PhD in Computer Science from Johns Hopkins University.
About Luma Financial Technologies
Luma Financial Technologies is the creator of Luma, a fully customizable, independent, buy-side technology platform that helps financial teams more efficiently learn, create, order, and manage market-linked investments such as structured products, structured annuities and more.
Launched in 2011, Luma is one of the largest and longest-tenured structured product platforms in the U.S. market and is used by broker/dealer firms, RIA offices and private banks to automate and optimize the full process cycle for offering and transacting in market-linked investments. This includes education and certification; creation and pricing of custom structures; order entry; and post-trade actions. Luma is multi-issuer, multi-wholesaler and multi-product, thus providing teams with an extensive breadth of market-linked investments to best meet clients’ specific portfolio needs.