Deals & People July 23, 2008

Schwab Names Bettinger as CEO

The Charles Schwab Corporation has tapped Walter W. Bettinger II as its new CEO effective October 1, the company said.
Reported by

A Schwab news release said Bettinger, previously president and COO, was also named as a director and will continue in the president’s position. Charles R. Schwab remains executive chairman of the board of directors.

Bettinger oversaw the company’s operating businesses—Schwab Investor Services, Schwab Institutional, Schwab Investor Development and Schwab Corporate & Retirement Services—as well as investment management, banking, technology, human resources, and operations.

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Before that, he was president of the Individual Investor Enterprise and previously served as president of Schwab Corporate Services, president of Schwab Retirement Plan Services, Inc., and as chairman of the Board, president, and CEO of The Charles Schwab Trust Company.

Before joining Schwab, Bettinger founded The Hampton Company, a provider of retirement plan services to corporations and their employees, in 1983 at the age of 22. In 1995, Schwab acquired Hamption.

Products July 23, 2008

Securian Adds Investment Options

Securian Retirement Distributors has made available 10 new investments for qualified retirement plans.
Reported by

The additions include two new small-cap index options, two more international styles (small cap and global bond), and new investment options in the social/green investment disciplines, according to a Securian release. The new choices also provide more depth in large cap growth, intermediate term bond, international core, and emerging markets, the release said.

The new retirement plan offerings (and their underlying investment options) are:

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  • Intermediate Term Bond I (Loomis Sayles Investment Grade Bond Fund, class Y);
  • Global Bond I (Templeton Global Bond Fund, class A);
  • Large Growth XI (MainStay Large Cap Growth Fund, class I);
  • Small Value Equity Index I (Vanguard Small-Cap Value Index Fund, Investor Share);
  • Small Growth Equity Index I (Vanguard Small-Cap Growth Index Fund, Investor Shares);
  • International Core IV (GE Institutional International Equity Fund, Investment Class);
  • International Small Cap I (DFA International Small Company Portfolio);
  • Emerging Markets II (DFA Emerging Markets Value Portfolio);
  • Social Equity I (Neuberger Berman Socially Responsive Fund, Institutional Class);
  • Social Equity II (Winslow Green Solutions Fund, Investor Shares).

For more information, contact the Securian Sales Team at 877.876.4701.

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