Schwab reactivates exec to head managed-account sales
Charles Schwab & Co. Inc. has named an executive it laid off a month ago to be the custody giant’s new head of sales and product management.
Charles Schwab & Co. Inc. has named an executive it laid off a month ago to be the custody giant’s new head of sales and product management, a Schwab spokeswoman confirmed.
David Lindenbaum was originally cut from his position as vice president of managed accounts at San Francisco-based Charles Schwab during a round of layoffs in mid-December.
He will now replace Jeff Carlin, Schwab’s national sales manager for managed accounts, who announced plans last week to leave the firm later this month for a similar position at IndexIQ Inc., a Rye Brook, N.Y.-based developer of alternative investment products.
The announcement of Mr. Carlin’s planned exit prompted Schwab executives to call upon Mr. Lindenbaum to return and fill Mr. Carlin’s role, according to FundFire.
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