Charles Schwab announced last week that Neesha Hathi will lead a newly created Wealth Advisory and Banking Services organization, expanding her current responsibilities to include Charles Schwab Bank, effective July 1.
The organization will focus on deepening relationships with individual investors and advisors through expanded wealth advisory and lending capabilities, and Hathi, a managing director, will continue to report to Rick Wurster, Charles Schwab's president and CEO.
The appointment is among several executive moves and organizational updates that Schwab announced last week.
Paul Woolway will retire as Charles Schwab Bank's CEO on July 1 after more than 16 years with the company. Tyler Woulfe, managing director, banking and trust services, will succeed Woolway as president and CEO of Charles Schwab Bank effective that day. Woulfe will report to Hathi.
Mitch Mantua, general auditor, also retires July 1, after a decade at Schwab. Jessica Bramhall, managing director, internal audit-corporate, will become general auditor effective the same date and will report functionally to the audit committee and administratively to Wurster.
Dennis Howard, chief information officer, will lead a newly formed technology, operations and data organization, expanding his current responsibilities to include operations alongside technology and data functions. Howard will continue to report to Wurster.
"These changes reflect the strength and depth of our leadership bench," Wurster said.
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