FutureVault announced this week that the company has hired banking executive, attorney, and investment professional John D. Orr to serve as its new CEO. Orr takes the helm of the company from G. Scott Paterson, who will continue as Executive Chairman.

Paterson praised Orr’s “extensive experience” and “tremendous entrepreneurial and investment acumen.” Adding that FutureVault “set out to recruit a leader with the vision and management skills to guide the company to reach its incredible potential,” Paterson noted that the company’s relatively recent commercial launch made it an ideal time to bring Orr on board. With more than 25 years of experience in the financial services industry, Orr (pictured) spent several years in a variety of senior leadership positions at CBIC including Head of Amicus Division, Head of International Retail Markets, and most recently, EVP for Strategy and Corporate Development. Orr is founder and managing director of Orr Capital Management, and serves as an advisor to G2 Investment Group, Applied Data Finance, and The Kessler Group.

Calling information “the next and ultimate asset class,” Orr explained the role FutureVault’s technology plays in helping people manage and protect it. “Everyone understands what current cloud-based document management platforms provide,” he said, “but when viewing information through the lens of an asset class, it is clear that these solutions were not designed to meet this need.” Orr added, “Fundamentally, our role is to provide the tools and intelligence to allow individuals and businesses to optimize the value of their information.”

FutureVault demonstrated its digital information management platform at FinovateFall 2016. Last month, the company partnered with BlueRock Wealth Management, giving the firm’s HNW (high net worth) clients access to the intelligent document management technology. FutureVault began the year with a trio of major, C-level additions, bringing on Kevin Whyte as president and COO, Tom Duane as CTO, and Rudy Sankovic as CFO.