Westlake, Texas-based financial services firm Charles Schwab has hired Jones Day partner Shamoil Shipchandler to serve as the chief counsel for its new regulatory group.

Shipchandler, who is based in Dallas, said in an interview Tuesday that he starts at the company Jan. 25. He leads the firm’s newly created risk and regulatory group. That group oversees areas of litigation, investigation, regulatory, risk, audit and employment. He will report to the company’s general counsel Peter Morgan.