Cincinnati-based Luma Financial Technologies announced today that John (Jay) R. Charles joined the firm as director of annuity products.

Charles previously served as vice president, commercial banking strategy at J.P. Morgan Chase & Co., where he oversaw the development of commercial banking growth strategies. He also previously worked as an associate for McKinsey and Co.

Luma Financial Technologies created Luma, an independent, customizable platform to help advisors create, order and manage market-linked investments including structured products and structured annuities.

In his new role, Charles will supervise the expansion of the firm’s annuity offering and distribution. He will report to Tim Bonacci, president and CEO of Luma.