Industry

Charles Schwab has named Marie A. Chandoha president and chief executive officer of Charles Schwab Investment Management Inc., the investment advisor to the Schwab and Laudus Funds.

She previously held technology and operations positions with Goldman Sachs, Merrill Lynch, Lehman Brothers, Ernst & Young, First Boston and Royal Bank of Canada.

The new hires come from Morgan Stanley Smith Barney and Merrill Lynch

Peter Orszag will be vice chairman of global banking and a member of Citi's senior strategic advisory group.

The federal government accuses Peter Ghavami, Gary Heinz and Michael Welty of fraud relating to municipal bond bids.

Robbins has spent much of her career helping women through major changes in their lives, which is part of the reason Wilmington Brokerage Services Co. appointed her vice president and client relationship manager.

Bank of America Merrill Lynch Global Research has added two new senior analysts focusing on socially responsible investing and sustainability.

ICI has also promoted Gunas to government affairs officer.

The Investment Company Institute announced Thursday that it has hired two executives on its government affairs team and promoted another person in the group.

The new appointments bring the company's total new advisor hires for 2010 to 50.