The executive roster at the Charles Schwab Corporation has undergone some recent changes affecting its mutual fund division and corporate management.

Jerry Chafkin, formerly head of the investment management division, has become head of investment advice and products, a newly created position. Jeffrey Lyons replaces Chafkin, becoming executive VP of Schwab’s asset management products and services enterprise. The division includes mutual funds, managed accounts, annuities and insurance products, and mutual fund clearing services.

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