subsidiaries, and as Chairman of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Laudus Trust and the Schwab Strategic Trust. Prior to his current role, he served as president and chief operating officer of the company; as President of Schwab Investor Services; and in a variety of other senior leadership roles. Mr. Bettinger joined the company in 1995 as part of its acquisition of The Hampton Company, which he founded in 1983.
Concurrent to the appointments, the Schwab Board approved amendments to the bylaws of the Company and each of its banking subsidiaries and to the Corporate Governance Guidelines of the Company. These amendments are solely to clarify that there may be more than one named Chairman of the Board. The effectiveness of the bylaw amendments of CSB and CSPB are subject to the approval of the Commissioner of the Texas Department of Savings and Mortgage Lending, and the appointments of Mr. Bettinger as Co-Chairman of CSB and CSPB are effective upon receipt of approval.
About The Charles Schwab Corporation
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 33.9 million active brokerage accounts, 2.3 million corporate retirement plan participants, 1.7 million banking accounts, and $6.83 trillion in client assets. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc., and TD Ameritrade Clearing, Inc., (members SIPC, https://www.sipc.org), and their affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com.
