After one and a half years with Redmond, Washington-based Safeco Mutual Funds Kevin A. Rowell is joining Schwab Institutional Sales as an executive vice president.

Rowell had been president of Safeco's mutual fund group before making the move to Schwab. Safeco Mutual Funds did not return calls regarding a replacement for Rowell.

Rowell will report to Deborah McWhinney, president of Schwab Institutional, and work with a team of 100 professionals, said a Schwab spokesperson. Schwab Institutional currently employs over 1,000 in Institutional Sales.

Rowell will be responsible for over 5,000 independent advisor firms and its national sales force. Schwab said that it manages approximately $300 billion in assets through these advisor firms.

Prior to Safeco, Rowell was the managing director and head of Global Relationships with Alliance Capital Management in New York. He also worked at Putnam Investments in Boston and PennCorp Financial in Boston. 

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