Schwab Snags Ex-Guggenheim ETF Exec

July 18, 2012, 8:30 a.m. EDT 1 Min Read

Charles Schwab Corp. is beefing up its exchange-traded fund business with a new hire from Guggenheim Investments, Reuters reports.

David Botset, former senior vice president, portfolio strategist, exchange-traded funds at Guggenheim, has joined the firm as its new director, product strategy and development, which is a new position. Botset reports to Jonathan de St. Paer, vice president of product strategy and development.

New York-based Guggenheim, reportedly has not yet decided how it will replace Botset, who has been with the firm since 2007.

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