Randall W. Merk

Randall W. Merk oversees Schwab's newly-created Investment Management Services division, responsible for developing and delivering innovative asset management products and services. He is also president and CEO of Charles Schwab Investment Management, the mutual fund advisor to Schwab and Laudus funds. Additionally, he is responsible for Schwab's Mutual Fund MarketPlace® and Mutual Fund OneSource® partnerships, alternative investments, fixed income, insurance and annuities.

Prior to his current position, Merk served as president of Schwab Financial Products, which included responsibility for mutual funds, managed accounts, insurance and annuity services and mutual fund clearing services. He was also responsible for management of Charles Schwab Bank.

Before joining Schwab in 2002, Merk spent 15 years at American Century Investments and Benham Capital Management (acquired by American Century in 1995) in a variety of positions, including president and chief investment officer.

Merk earned a Bachelor of Arts degree from the University of California at Davis and his Master of Business Administration degree in finance from Golden Gate University in San Francisco.

Schwab Investment Management Services is an affiliate of Charles Schwab & Co., Inc. (member SIPC). Charles Schwab & Co. Inc. and Charles Schwab Bank (member FDIC) are subsidiaries of The Charles Schwab Corporation (NASDAQ: SCHW).