New York-headquartered Innovest Systems, the financial technology firm that specializes in trust accounting and wealth management services, has appointed Glenn Schmidt as chief operating officer.

Schmidt is responsible for overseeing the client service, implementation, operations and product development teams, and will also contribute to overall strategic planning.

Most recently, Schmidt worked at JP Morgan as vice president of product and platform for its trust and estates business. His prior experience includes serving as managing director of trust services at Charles Schwab, where he was responsible for the launch of the trust outsourcing business, as well as product development and trust operations.