Chairman, President & CEO First Interstate Bank of Texas Currently: President Schwab Retail Group Charles Schwab & Company – Houston, Texas
Linnet F. Deily is Enterprise President of Schwab Institutional -Services for Investment Managers of Charles Schwab & Co., Inc. In this position, she oversees extensive trading, custodial and support services for independent, fee-compensated Investment Managers. This unit now serves more than 5,000 investment managers, whose clients total more than $100 billion in assets in custody at Schwab – almost one-third of the company’s total customer assets. Ms. Deily came to Schwab in October, 1996 from First Interstate Bank of Texas, where she was Chairman, President and Chief Executive Officer. The $6.8 billion institution had 123 branches throughout Texas employing 3,100 people. She was also responsible for line management of First Interstate Bancorp’s branches throughout the Western United States as well as for the corporation’s government affairs. Ms. Deily began her banking career in 1974 with the Republic National Bank of Dallas, joining First Interstate in 1981 as Vice President of First Interstate Bancorp. She subsequently held leadership positions for First Interstate Bank of California and was named Executive Vice President in 1987. Business Week named her one of the five most senior women in American banking and one of the top fifty women in business in the United States. She just completed service on the nine-member Board of Regents of the University of Texas System and continues to serve on the Board of Directors of Houston Industries, and has been active in many other civic and charitable undertakings in the Houston area. A fourth generation Texan, Ms. Deily received her Bachelor of Arts degree in Government from the University of Texas in Austin in 1967 and received her Master of Arts degree in International Management from the University of Texas at Dallas in 1976. The Charles Schwab Corporation (NYSE: SCH), through its principal operating subsidiary, Charles Schwab & Co., Inc., is one of the nation’s largest financial services firms.