Charles Schwab Adds to Executive Team

July 12, 2011 (PLANSPONSOR.com) - The Charles Schwab Corporation has announced the appointments of Omar Aguilar, Brett Wander, and John Sturiale.  

Charles Schwab Investment Management, Inc. (CSIM), the investment adviser to Schwab and Laudus Funds, has expanded its executive team, according to a recent press release. Aguilar, Wander, and Sturiale all report to CSIM President and CEO Marie A. Chandoha, who came to Schwab in September from BlackRock, where she was global head of fixed income.  

Aguilar joins CSIM as senior vice president and chief investment officer of equities and multi-asset strategies, responsible for the investment oversight of Schwab and Laudus equity funds as well as proprietary equity exchange-traded funds (ETFs).  

Wander will serve as senior vice president and chief investment officer of fixed income, overseeing all Schwab money market and fixed-income strategies.  

Vice president Sturiale is shifting roles to take on expanded responsibilities in CSIM, leading equity and fixed-income product management, including responsibility for the ETF capital markets and portfolio strategy functions; he will continue collective trust funds oversight.  

“I am very pleased to have this exceptional leadership team in place,” said Chandoha. ”These are very experienced leaders who – alongside each one of the 120 employees in CSIM – are focused on providing institutional-quality investment products for our clients.”  

Aguilar comes to CSIM from Financial Engines, where he was responsible for managing more than $40 billion in assets from leading retirement plan sponsors in the defined contribution market. Prior to Financial Engines, he joined ING Investment Management in 2004 as head of Quantitative Equity, then from Lehman Brothers, where he served as the head of Quantitative Research for their alternative investment management business.  

According to the release, Aguilar was previously a director of quantitative research and portfolio manager with Merrill Lynch Investment Management and Bankers Trust. He was a Fulbright Scholar at Duke University’s Institute of Statistics and Decisions Sciences, where he earned his M.S. and Ph.D. He earned a B.S. in actuarial sciences and a graduate degree in applied statistics from the Mexican Autonomous Institute of Technology.  

Wander joins CSIM from State Street Global Advisors, where he successfully rebuilt the firm’s active fixed-income business and was responsible for $30 billion in fixed-income strategies including short duration, U.S. and global active, stable value, and ETFs. Previously, he was director of Alpha Strategies at Loomis Sayles, and held fixed-income leadership positions at State Street Research and at Payden and Rygel. Wander received his B.S. in System Science Engineering from UCLA, and an M.B.A from the University of Chicago.  

Sturiale has been with Schwab for 11 years and, during his tenure, has focused on building the firm’s Collective Trust Fund lineup. He has more than 20 years of investment experience in the institutional investment setting, previously as a team leader and senior portfolio manager with National City Bank, and as an investment analyst and senior portfolio manager with Goodyear Tire & Rubber Co. Sturiale is a Certified Financial Planner; he received his bachelor’s degree in finance from the University of Akron and an M.B.A. from Ashland University.  

  

-Sara Kelly 

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