55ip CEO Paul Gamble will step down in September after more than six years as a fintech startup leadera company spokesperson confirmed.
He will then become vice president of Asset Management Solutions at JP Morgan Asset Management. 55ip is one Wholly owned but independently managed subsidiary of JP Morgan Asset Management and has 200 employees.
Since Gamble became CEO of 55ip in 2017, the firm has undergone several changes. The company provides investment strategies to financial advisors based on clients' tax needs. it Was founded as part of the TIFIN Group, an early-stage startup incubator. Two months after forming a partnership with 55ip for its model portfolios in October 2020, JP Morgan Asset Management bought the company for an undisclosed sum.
The impetus for the change came after Gamble and his family decided to relocate outside of the Boston area, where 55ip is headquartered.
Chief Technology Officer Gautam Sachdev has been named the new CEO of 55ip. As part of the change, Gautam will relocate from Mumbai, India to Boston.
According to a company spokesperson, Gautam was selected for the role based on the firm's ongoing success planning, noting that a “strong local presence” in Boston and Mumbai was “key to driving the business forward.”
Sachdev has been part of the firm's executive leadership team since its inception. He also serves as the country head of 55ip India, the organization's largest segment, with offices in Mumbai and Bengaluru. Prior to joining 55ip, Gautam was a director at Ada Investments in India and a technology specialist at Lloyds insurance market in the UK. He holds an MBA from the Indian School of Business, Hyderabad, and a bachelor's degree in engineering from the University of Mumbai.