Robert Moore, LPL Financial's former president and one-time potential successor to its CEO Mark Casady, will become chairman of Cetera Financial Group after its parent company emerges from bankruptcy, according to a source familiar with the Cetera board's selection process, who asked not to be named.

Moore will be keeping his day job as CEO of institutional money management firm Legal & General Investment Management America. Moore did not immediately return calls to his office in Chicago.

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