McWhinney Elected as New Trustee

PASADENA, Calif.--Deborah Doyle McWhinney, an expert in financial services and former president of Schwab Institutional, has been named as a trustee of the California Institute of Technology.

McWhinney was responsible for building innovative and useful products/services for what has become the fastest growing segment of the financial services industry. She joined Charles Schwab & Co. in 2001 and served on its management committee, the boards of the Charles Schwab Bank and the Charles Schwab Foundation, and was chair of the Global Risk Committee.

Prior to joining Schwab, McWhinney was an executive vice president at Visa International and served as group president for Engage Media Services.

After graduating from the University of Montana, McWhinney spent 17 years with Bank of America Corporation, where she helped establish trends that continue to influence banking today. She headed the consumer electronic banking division and played a key role in determining product and pricing policies that launched the popularity of ATMs and debit cards. During her tenure, card use among customers nearly tripled. She was also instrumental in improving ATM convenience by introducing statements at the ATMs and making deposits easier and safer.

In 2002, McWhinney was appointed by President George Bush to the board of directors of the Securities Investor Protection Corporation.

The San Francisco Business Times has, since 2003, recognized McWhinney in its annual "The Bay Area's Most Influential Women in Business" issue.