The Charles Schwab Corp. has announced multifaceted organizational changes, designed to "better match the way the company interacts with client segments and organizes and manages its products and services."
Under the personnel category, vice chairman and president of Individual Investor, John Philip Coghlan will leave the firm to pursue outside interests. William L. Atwell will head one of the newly structured organizations, Client Sales and Service. This entails elements formerly under the branch Investor Centers, Investor Service Centers, Investment Advice & Products, Global U.S. Dollars and performance, incentives and development.
Schwabs growing management sector, which is geared towards the affluent investor, will be headed by Jody L. Bilney.
Finally, Lou Gorman, who is currently the vice-chairman and president of Schwab capital markets/ asset management products and services will head up an organization that includes capital markets, fixed income, asset management, corporate services and Schwab Institutional.