New leader at Schwab Institutional

Charles Goldman is now head of Schwab Institutional, confirmed spokeswoman Lindsay Tiles. He replaces Deborah Doyle McWhinney, who retired Monday. Mr. Goldman reports to Walt Bettinger, COO of parent company Charles Schwab Corp. Mr. Goldman, who remains executive vice president, was COO of the institutional division. Ms. Tiles declined to comment on Mr. Goldman’s replacement.