A former Schwab Advisor Services executive, David Welling, has been appointed chief solutions officer at Black Diamond Performance Reporting, the firm said yesterday.

Mr Welling, recently a vice president at Schwab, will oversee sales, marketing, product management and client solutions and will be a member of the Black Diamond senior management team, it said. He worked at Schwab in various roles for 12 years.

Prior to Schwab, Mr Welling was a consultant at Bain & Company in San Francisco after receiving his MBA from the Stanford Graduate School of Business.