Charles Schwab & Co. has raided archrival Fidelity Investments for an executive to help run its international unit.

Mark Collier, president of Fidelity Investment Advisor Group, has been named senior vice president of Schwab & Co., and a co-head of Schwab International, a company representative said Wednesday. He will be oversee Schwab's businesses in Europe, the Middle East, and Africa, including ShareLink Investment Services PLC, the leading discount broker in the United Kingdom.

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