Schwab Hires Carney to Head Retail Branch Network

A spokesman from Schwab told PLANADVISER Carney will start at the end of March and will report to Andy Gill, executive vice president and co-head of Schwab Investor Services.

Carney comes to Schwab from Putnam Investments, where he served as senior managing director and head of global marketing and products.  (see “Fidelity Alum Carney Joins Reynolds at Putnam”). Prior to this, he was president of Bank of America Retirement and Global Wealth & Investment Management Client Solutions.

Before joining Bank of America, Carney was president of Fidelity Retirement Services. Prior to this role, he served as president of Fidelity Personal Investments since 2002. He joined Fidelity in April 2001 as president of Fidelity Investments Canada.

Carney is a graduate of Queens University in Kingston, Ontario.