The Charles Schwab Corp. has named three new money management leaders at Charles Schwab Investment Management Inc. (CSIM), the investment advisor to Schwab and Laudus Funds.
Omar Aguilar has joined 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). Aguilar joins 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. Previously, he headed ING Investment Management's quantitative equity group and Lehman Brothers' quantitative research for alternative investments.
Brett Wander joins CSIM as senior vice president and chief investment officer of fixed income, overseeing all Schwab money market and fixed-income strategies. Wander joins CSIM from State Street Global Advisors, where he successfully rebuilt the firm's active fixed-income business. He was responsible for $30 billion in fixed-income strategies including short duration, U.S. and global active, stable value, and ETFs.
Vice president John Sturiale is shifting roles at Schwab 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 fund oversight. Sturiale, a certified financial planner, has been with Schwab for 11 years.
Charles Schwab Investment Management is one of the nation's largest asset management companies with $218 billion in assets under management as of June 30. In addition to managing Schwab ETFs and Schwab Funds, CSIM is investment advisor for the institutional-style, sub-advised Laudus Fund family. CSIM currently manages more than 70 mutual funds, 13 exchange traded funds, and four separate account model portfolios.