Charles Schwab will soon be one of the newest entries into the exchange traded fund (ETF) marketplace. The firm has taken a key step in choosing the person to play a key role in its new ETF division.

Dustin Lewellyn will join the Schwab team and assist in the ETF division of the company, but title and position are not yet determined. Lewellyn previously worked as the ETF head at Northern Trust, but left in May 2009, Adam Kommel for Mutual Fund Wire reports.

The  details of the team are still being finalized and because of the Security and Exchange Commission’s (SEC) quiet period, most of the information is still being kept low key.

For more stories about new ETFs, visit our new ETF category.

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