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Envestnet names 2 execs to run new business units

Envestnet Inc. has consolidated its operations into two business units: Envestnet Wealth Solutions and Envestnet Data & Analytics.

Bill Crager, who currently leads the enterprise business, will lead the wealth solutions group as CEO. Stuart DePina will serve as CEO of the data and analytics group after having led Envestnet's Tamarac business.

Envestnet | Yodlee Vice Chairman and CEO Anil Arora will step down from his roles at the end of February but will continue on the Envestnet board.