Former Coinbase and Uber Executive Joins Altruist as CTO to Cement Tech Advantage

Industry Veteran Brings Expertise in AI, Scalability, and Infrastructure to Altruist’s Growing Engineering Team

LOS ANGELES--(BUSINESS WIRE)--Altruist, the modern custodian built for RIAs, has appointed Sumanth Sukumar as its Chief Technology Officer (CTO). Sumanth brings extensive experience in developing and scaling complex technology systems, having led engineering teams at Coinbase, Uber, and Facebook. In his new role, he will ensure ongoing platform security and reliability, and oversee rapid innovation alongside the integration of AI into internal systems and new products.

“Great technology amplifies an advisor’s impact,” said Jason Wenk, founder and CEO. “Sumanth’s track record speaks volumes—his expertise will help us further differentiate Altruist as the most desirable custodian for growth-minded, tech-forward RIAs.”

Sumanth has built high-agency teams and high-performance infrastructure at some of the world’s most transformative companies. At Coinbase, he navigated rapid growth, ensuring stable performance during crypto market fluctuations. Prior to that, at Uber, he played a critical role in enhancing system reliability amidst global expansion. At Facebook, he contributed to the development of the platform’s video and live-streaming capabilities.

“I’m thrilled to join Altruist at such a pivotal moment,” said Sumanth. “My focus is building the best team in financial technology. With great people empowered by AI and rock-solid infrastructure, we’ll continue delivering incredibly intuitive, high-quality products to delight our customers. The market is ripe for disruption and the experience of using Altruist over legacy custodians should be night and day.”

To establish a hub for engineering innovation and strengthen its technology leadership, Altruist is expanding its presence with an office in San Francisco. This investment reflects Altruist’s commitment to building a top-tier technology team, with Sumanth playing a pivotal role in driving the company’s next phase of growth. As Altruist scales, it will continue hiring exceptional engineering talent—join our growing team by visiting our Careers page.

About Altruist
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 X @altruist.