SCHW · News · 20260820N

Strategic Initiatives

SCHWAB CHARLES CORP · 2026-08-20 · Importance 31 · Surprise 42

Charles Schwab opened a global capability center in Hyderabad, India, on August 19, 2026. The company plans to expand the center to approximately 2,000 employees by the end of 2027, with an initial target of 500 employees during the first year. The workforce will support technology development, engineering, software development, and operational activities for Schwab’s U.S. businesses.

Key facts

• Flossbach Von Storch SE purchased over 10.7 million shares of The Charles Schwab Corporation valued at approximately $987.93 million, making it their sixth-largest holding. source
• Great Lakes Advisors LLC purchased a new stake valued at $7.20 million in The Charles Schwab Corporation during the second quarter. source