Managing Director & Head of Private Assets and Alternative Investments

Head Of Private Assets And Alternative Investments

The managing director & head of private assets and alternative investments will report to the chief executive officer of schwab asset management and lead a team responsible for managing our expanding portfolio of non-traditional investment management offerings including the planned launch of the schwab private company fund.

This leader will be accountable for establishing the strategic direction, investment governance, operating model, and risk discipline required to scale schwab's private assets and alternative investments platform. The role requires sound independent judgment within approved investment guidelines, strong executive presence, and the ability to connect investment strategy, product innovation, risk management, and client outcomes across sam/csim and the broader schwab enterprise.

• Set the long-term strategic agenda for private assets and alternative investments, including portfolio construction philosophy, product roadmap, governance standards, risk controls, and operating discipline across current and future offerings.
• Lead the successful development, launch, and scaling of the schwab private company fund and related offerings, ensuring investment design, legal structure, compliance oversight, operations, distribution readiness, and client experience are aligned from concept through commercialization.
• Make independent investment and business decisions within approved guidelines, balancing growth, liquidity, valuation, manager selection, operational complexity, fiduciary obligations, regulatory expectations, and schwab's reputation for client-first stewardship.
• Oversee risk across the private assets and alternative investments platform, partnering closely with risk, legal, compliance, operations, finance, product, distribution, and technology teams to ensure strong controls, clear accountability, scalable processes, and effective issue escalation.
• Serve as a senior investment and business advisor to the chief executive officer of sam/csim and the broader executive team, providing informed perspectives on private markets, alternative investment trends, fund performance, competitive dynamics, product opportunities, and enterprise implications.
• Represent the platform with credibility before the funds board of directors, sam/csim committees, firm-wide risk committees, regulators, and senior enterprise stakeholders, translating complex investment, liquidity, valuation, and governance topics into clear executive-level recommendations.
• Partner with leadership on the construction and oversight of spv's serving as building blocks for the schwab private company fund, ensuring close coordination across sourcing, due diligence, structuring, valuation, operational readiness, and ongoing monitoring.
• Provide leadership and expertise to third-party investment oversight and asset allocation forums involving private assets, helping shape manager due diligence, allocation recommendations, risk evaluation, and governance practices across schwab's expanding alternatives ecosystem.
• Build, develop, and retain a high-performing team of investment professionals, portfolio managers, and research talent, strengthening bench depth, decision quality, accountability, and collaboration across an evolving and strategically important platform.
• Drive medium- and long-term process improvement initiatives enhancing investment rigor, reporting transparency, regulatory readiness, operational scalability, and confidence among clients, advisors, boards, regulators, and enterprise partners.

required experience:

• 15+ years of progressive senior investment leadership experience across private markets, alternative investments, asset management, portfolio construction, manager research, fund governance, or related investment disciplines.
• deep expertise investing in, allocating to, or overseeing private equity, private credit, real estate, infrastructure, venture capital, secondaries, co-investments, hedge funds, or other alternative investment strategies, with strong judgment across multiple market cycles.
• demonstrated command of private markets portfolio construction, manager due diligence, valuation practices, liquidity management, risk oversight, investment committee governance, and ongoing monitoring of complex, less-liquid investment vehicles.
• proven knowledge of registered fund structures and regulatory requirements, including 1940 act funds, interval funds, tender-offer funds, business development companies, registered alternatives, and other vehicles designed to broaden access to private market strategies.
• track record leading the development, approval, launch, and commercialization of new investment products, coordinating investment, legal, compliance, operations, finance, product, technology, distribution, and client-facing stakeholders through complex execution milestones.
• experience engaging with boards, regulators, senior executives, risk committees, investment committees, and…