Charles Schwab incoming CEO talks growth, crypto plans

Charles Schwab (SCHW) president and incoming CEO Rick Wurster sits down with Yahoo Finance special reporter Rachelle Akuffo at the 2024 Schwab IMPACT conference to talk about his strategic outlook. Wurster will assume the chief executive mantle effective January 1, 2025. Wurster emphasizes three key priorities for the bank: driving company growth, supporting consumer development, and enhancing operational efficiency. He highlights the firm’s commitment to delivering on client expectations while maintaining a strategic focus on scale and performance. Addressing the cryptocurrency landscape, Wurster explains the Schwab’s intention to directly offer crypto investments.”We’re excited about the crypto space,” he tells Yahoo Finance, “but ultimately, it’s up to the client in terms of how they want to utilize crypto in their portfolios.” The company is particularly focused on attracting younger investors, recognizing the critical importance of the under-40 demographic: “We care deeply about the young investor, and we want to do everything we can to help them succeed.” Wurster explains the investment bank’s core mission: “The opportunity for us is to have the playbook we’ve had for the last 50 years — to create a better deal for the everyday investor.”
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