Schwab Brings in Biz Dev Managing Director

George A. Castineiras has been named managing director of Business Development & Growth Partnerships at Schwab Workplace Services.

He leads the firm’s Retirement Plan Services sales, Stock Plan Services sales, Consultant Relations and Sales support teams and is responsible for driving growth across the businesses. Castineiras has joined the Workplace Services Leadership Team reporting to Adele Taylor, head of Workplace Services. He started on May 5 and is based in Richfield, OH.

“George brings a multi-decade career in the retirement and workplace solutions industries, with a track record of building and scaling market-leading businesses,” said Taylor. “We have an incredible opportunity at Schwab to meet market demand for an integrated workplace offering that brings multiple retirement and equity solutions alongside a financial wellness offering to participants, and George will play a central role in realizing that growth. His hire, alongside the recent appointment of Maggie Younis as Head of Consultant Relations, underscores our commitment to building partnerships with the consultant community, who are designing the retirement and equity programs that millions of American workers rely on to build wealth.”

Castineiras brings extensive experience in retirement and workplace solutions. He previously held senior leadership roles at Prudential Financial, where he led the firm’s Retirement Sales team and its Total Retirement Solutions business, overseeing more than $180 billion in assets and more than doubling annual sales. 

He also built a stable value platform to $50 billion in assets and launched one of the first in-plan retirement income solutions in the U.S. He most recently founded the American Retirement Company (ARC), focused on expanding retirement liquidity solutions for American workers.