The end of 2024 and the beginning of 2025 brings some asset management leadership changes, including the ascension of a former portfolio manager to the throne of a publicly traded brokerage giant.

Richard A. "Rick" Wurster The Charles Schwab Corporation President, CEO-Elect

Yesterday (Wednesday, January 1), Rick Wurster was scheduled to succeed Walt Bettinger as CEO of the Charles Schwab Corporation. The move comes about three years after Wurster took over as president of the Westlake, Texas-based firm, after leading its Schwab Asset Management arm as managing director. (In contrast, Bettinger originally hailed from the retirement plan side of Schwab.)

Also yesterday, Greg Frost, chief financial officer of Hartford Funds, was scheduled to succeed the fund firm's retiring president, Jim Davey. Frost is an accountant and 12-year Hartford Funds veteran who previously served as Janus' CFO. 

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