PE Tech Report


Like this article?

Sign up to our free newsletter

Addepar appoints CEO and COO

Addepar, a provider of smart technology platforms for wealth and investment management, has appointed Eric Poirier as chief executive officer and Karen White as president and chief operating officer.

Addepar co-founder Joe Lonsdale continues to serve in his current role as executive chairman of the board, and co-founder Jason Mirra continues as chief technical officer. Mike Paulus, who was among Addepar’s first employees and served as president, is now the company’s chief strategy officer.
Poirier (pictured) and White have both been appointed to the company’s board of directors.
“Addepar’s success over the last few years has positioned us to scale very rapidly and I can’t think of a better pair than Eric and Karen to help take us to the next level as we emerge as a significant player on the global stage,” says Lonsdale. “Both Eric and Karen will tap their immense experience in building world-class companies to push Addepar to new heights. We’re grateful to have their leadership, charisma and experience on our team.”
Poirier will focus on driving continued growth as well as technology and product innovation. Throughout his career, Poirier has demonstrated a unique ability to solve intractable data and scale challenges in the financial sector with innovative technology. Poirier was most recently at Palantir, a multi-billion dollar software company that allows organisations to make sense of massive amounts of disparate data. Previously, Poirier worked in the fixed income analytics group at Lehman Brothers where he built tools to model, simulate and analyse data on a variety of debt and credit instruments.
White will help scale operations and expand globally, managing sales, marketing, business development, finance, operations and human resources. White has spent more than 25 years in the technology industry as an operating executive and investor focused on enterprise and business software. She was most recently CEO and chairman of the board at Syncplicity, a cloud-based file management company, which was acquired by EMC in 2012. Previously, White led worldwide corporate and business development at SolarWinds, a top network management software company.
“Karen and I are thrilled to join Addepar’s extraordinary team, and we’re all laser focused on turning the company’s bold vision into reality,” says Poirier. “The ultimate roots of finance are the owners of wealth and their advisors, whether they be pension funds managing teachers’ and firefighters’ retirements, family offices, RIAs, insurance companies, or philanthropies managing their nest egg. Today, most of these allocators operate partially blind amongst thousands of closed platforms, with millions of hours wasted manually entering fragmented data and correcting errors. By solving the root problems in data aggregation and reporting with some of the top technology talent in the world, Addepar has created a platform that is starting to make global finance more data-driven and transparent at all levels.”

Like this article? Sign up to our free newsletter