NEW YORK Nov 6 The head of Charles Schwab
Corp's retail branch network, Jeffrey Carney, has left
the company, citing family reasons, less than eight months after
taking the job, according to a Schwab spokeswoman.
"His decision to leave Schwab reflects a change in
priorities for his family, choosing to remain on the East Coast
rather than relocate to the Bay Area," said Schwab spokeswoman
Investment News reported the move earlier on Tuesday.
Andrew Salesky, who heads the San Francisco-based
brokerage's independent branch services (IBS), has been named
the new leader of the branch network, and will continue as head
of IBS until a replacement is found.
Carney, who lives in Boston, joined Schwab at the end of
March from Putnam Investments, where he was the global head of
marketing since 2008.
Carney had been seen as a rising star at Putnam, where he
was instrumental in promoting the firm's absolute return funds,
launched in December 2008.
Prior to Putnam, Carney was at Bank of America,
where he was head of the firm's retirement and global wealth
investment management division.