President and CEO, Charles Schwab Investment Management
A nature lover since her childhood in upstate New York, Marie Chandoha is a diehard preservationist-half of her family's Sonoma County ranch land has been set aside as a conservatory trust to restore the river banks and forest.
She's also driven to preserve low costs for clients, as chief of Charles Schwab's investment management division. Since taking over in 2010, Chandoha has directed her team to slash the operating costs of its 15 exchange-traded funds and charge the lowest fees in their particular ETF categories.
The result is an ETF business that has grown from $2.7 billion in assets under management to $12 billion as of this May. That's out of a firm-wide total portfolio of $223 billion, including 76 mutual funds that Schwab operates.
Schwab does well in rankings. This past year, six of the firm's funds took awards for best 5- or 10-year track record, and 11 were rated top 10 funds in their categories by Morningstar, Zacks, S&P and Lipper. Chandoha, a 1983 Harvard graduate with a degree in economics, came to Schwab from BlackRock, where she was global head of the fixed-income business.