SAN FRANCISCO - Charles Schwab Europe, a division of Charles Schwab Corp., on Wednesday named Craig Walling its chief executive.

He succeeds Bob Duste, who is returning to Schwab's headquarters in San Francisco, the company said in a press statement.

Mr. Walling most recently worked at ZonaFinanciera.com, an online broker catering to the Spanish and Portuguese market. Before that he had held several senior positions at Citibank.

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