Senior Portfolio Manager, Co-Head of Wasmer Taxable Bond Strategies
Charles Schwab Investment Management, Inc.
Thomas Richmond is a Senior Portfolio Manager and Co-Head of Wasmer Taxable Bond Strategies supporting the Wasmer Schroeder Strategies at Charles Schwab Investment Management, Inc. (CSIM).
Prior to acquisition by CSIM in July 2020, Mr. Richmond was the Chief Investment Officer of Wasmer Schroeder (WS), where he oversaw WS’s portfolio management and research functions. He was also the chairman of WS’s Investment Committee, and was a member of the Executive, Credit, and Portfolio Management Committees.
Prior to joining WS, Mr. Richmond was a Principal of GLC Capital Management LLC (GLC) when WS decided to invest in GLC. In January 2008, the two firms merged. Prior to GLC, Mr. Richmond served as senior vice president and manager of mortgage-backed securities trading for McDonald & Company Securities, Inc. He also was the co-head of real estate investment trust (REIT) investment banking, as well as several other ancillary capacities within the firm’s structured finance group.
Preceding his tenure with McDonald & Company Securities, Mr. Richmond was the head of PaineWebber’s collateralized mortgage obligation (CMO) arbitrage group, where he was responsible for many aspects of the firm’s agency and proprietary CMO issuance businesses. Mr. Richmond also served as head of CMO structuring at Salomon Brothers, Inc., now Citigroup Global Markets Holdings Inc., after advancing from the firm’s financial institutions/quantitative support group.
Mr. Richmond earned a Master of Science in Applied Mathematics and a Bachelor of Science in computer science with minors in economics and management from Rensselaer Polytechnic Institute.
A self-described “bond geek” who is always willing to share what he knows, Mr. Richmond’s personal time centers around family, sports, and cooking. Mr. Richmond is the proud dad of two sons and two step-children. He has a strong interest in most sports, is an avid golfer, especially loves baseball, and has also received a number of bowling titles.