Transcript: Omar Aguilar, CEO and CIO of Schwab Asset Management

Barry Ritholtz welcomes his guest, Omar Aguilar, to the Masters in Business segment on Bloomberg Radio. Aguilar is the President, CEO, and Chief Investment Officer of Schwab Asset Management, managing over a trillion dollars across various investment products. Aguilar shares his impressive career trajectory, starting with a Bachelor's in Actuarial Science and a Master's in Applied Statistics from the Institute of Technology in Mexico City.

He then pursued advanced degrees, including a Fulbright Scholarship at Duke University, where he completed both a Master's in Statistics and a PhD in Decision Sciences. Aguilar initially considered a career in academia but instead landed a role at an investment bank, Bankers Trust, where he applied his quantitative research skills to decision-making models for currencies, equities, and asset allocation.

Aguilar's background took a significant turn when Bankers Trust was acquired by Deutsche Bank, leading to his transfer to Merrill Lynch, where he contributed to the development of institutional asset management businesses. The conversation then transitions to the impact of Lehman Brothers' acquisition by Barclays, which Aguilar joined to rebuild their quantitative and systematic investment processes.