Luma Financial Technologies, the independent, multi-issuer, online platform that provides broker/dealers, registered investment advisers (RIAs) and banks with a feature-rich marketplace for structured products and annuities, has announced that Stephen Bodurtha (pictured), an investment product pioneer and co-inventor of the Select Sector SPDRs ETFs, has joined the firm’s board of directors.

Bodurtha spent almost three decades in the investment and wealth management businesses at both Merrill Lynch and Citibank. More specifically, he was the head of Citi Private Bank’s investment business in North America and earlier, was co-head of the investments, wealth management and insurance organization, as well as the retirement business, at Bank of America Merrill Lynch (Baml). He was also appointed vice chairman of Merrill Lynch Global Wealth Management. Bodurtha is considered one o

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