Walter W. Bettinger II, 60, has been Chief Executive Officer since late 2008 and was President from 2007 to 2021. In addition, Bettinger serves on the Board of Directors of The Charles Schwab Corporation, Charles Schwab & Co., Inc. and the Charles Schwab Bank, as well as Chairman of the Board of Trustees for the Schwab managed mutual funds and exchange traded funds. Prior to assuming his current role, he was most recently President and Chief Operating Officer of The Charles Schwab Corporation.
He leads a workforce of approximately 32,400 employees, with headquarters in Westlake, Texas and branch offices in more than 420 locations across the United States plus London, Hong Kong, Singapore and Puerto Rico.
As measured by client assets, Schwab is the largest publicly traded investment services firm in the United States and one of the world’s largest financial services firms serving approximately:
• $7.61 trillion in client assets
• 32.7 million client brokerage accounts, 1.6 million bank accounts, and 2.2 million retirement plan participants
• ~12,000 independent advisor firms served
Bettinger’s duties include leading the development of strategies and services that assist tens of millions of people worldwide in their efforts to save and invest – either directly, with the help of an independent investment advisor or through a company-sponsored retirement or benefit plan.
Under his leadership, the value of Schwab stock has grown from $13.59 on January 1, 2009 to approximately $73.00 as of August 31, 2021. During the same period, Schwab’s market capitalization has grown from ~$18B to ~$135B.