Citi Appoints McWhinney to Head Personal Wealth Management Group

In this new role, McWhinney will lead Citibank’s efforts to “expand its wealth management service and premium personal banking services to provide customers with high quality, comprehensive, and customized financial advice and guidance,’ the bank said in a news release.

Citi Personal Wealth Management will offer a full array of personal wealth management and banking services to Citibank customers, Citi said.

After retiring as president of Charles Schwab Institutional in 2007, McWhinney served as CEO and president of the Dennis and Phyllis Washington Foundation. Prior to that, she served on Schwab’s Management Committee; the Board of the Charles Schwab Bank, N.A.; the Charles Schwab Foundation Board; and was chairperson of the Global Risk Committee. Before joining Schwab, McWhinney was executive vice president at Visa International and spent the preceding 17 years with Bank of America Corporation.

In 2002, President George W. Bush appointed McWhinney to the Board of Directors of the Securities Investor Protection Corporation (SIPC). McWhinney is a past chairperson of the University of Montana Foundation’s Board of Trustees. In 2007, she was elected to the California Institute of Technology Board of Trustees.