The Charles Schwab has appointed Marie Chandoha as president and CEO of Charles Schwab Investment Management (CSIM) the investment advisor to Schwab and Laudus Funds. Chandoha will report to Schwab CEO Walt Bettinger.

Chandoha joined Schwab in September of this year as chief investment officer for CSIM, leading portfolio management and overseeing nearly $190bn in mutual funds and separate account assets as of 30 September 2010.

Prior to joining Schwab in 2010, Chandoha was the global head of the fixed income business at Barclays Global Investors, which was acquired by BlackRock.

Before joining Barclays Global Investors in 2007, she was co-head and senior portfolio manager in charge of the Montgomery fixed income division at Wells Capital, a senior bond strategist at Goldman Sachs, and managing director responsible for the global fixed income research and economics department at Credit Suisse First Boston.

Previously, Chandoha was a mortgage securities research analyst at Morgan Stanley and an economist at the Federal Reserve Bank of New York.

Chandoha replaces Randy Merk, former CSIM president and CEO, who takes on a Special Project role for the firm.