#USA #New York #Charles Schwab #Walt Bettinger #CD&R

CD&R Welcomes Walt Bettinger as Senior Advisor

On March 31, 2025, CD&R (Clayton, Dubilier & Rice), a prominent private investment firm, announced the strategic appointment of Walt Bettinger as a Senior Advisor focused on the firm's financial and technology services. This decision marks a significant step for CD&R as it aims to leverage Bettinger’s exceptional expertise and insights to enhance its investment strategies in these fast-evolving sectors.

Walt Bettinger previously served as the chief executive officer of The Charles Schwab Corporation, a giant in the financial services industry. Under his leadership, Schwab not only transformed into one of the largest publicly traded investment firms in the United States but also experienced remarkable growth. Bettinger played a pivotal role in increasing client assets from approximately $1.1 trillion to a staggering $10.1 trillion over just 16 years. Additionally, the number of total brokerage accounts soared from 7.4 million to 36.5 million, with Schwab's market capitalization escalating from around $19 billion to an impressive $136 billion—all while share prices surged more than 350% during his tenure.

Now, as he takes on this new role at CD&R, Bettinger will engage directly with the firm’s financial services and technology verticals. His responsibilities will encompass advising the firm on strategic initiatives, value creation opportunities, and investment evaluations. In conjunction with this role, he will continue to serve as Co-Chairman of Schwab’s Board of Directors alongside company founder Charles R. Schwab. This dual capacity is a testament to Bettinger’s strong ties and continued influence in the financial services landscape.

David Winokur, a partner at CD&R, expressed high regard for Bettinger, emphasizing that his extensive industry knowledge and integrity will greatly benefit the firm’s operational strategies within the financial and technology sectors. "Walt is recognized as an industry leader in financial services, having played a pivotal role in the substantial growth of one of America's most significant companies," Winokur said.

In reflecting on his new appointment, Bettinger conveyed enthusiasm for collaborating with CD&R, remarking on the firm’s excellent blend of operational know-how and financial resources tailored to the needs of financial services and technology firms. His goal will be not only to build on CD&R’s existing operations but also to expand its influence in these critical industries.

Walt Bettinger’s impressive career began with his education at Delta State University, followed by earning a B.B.A. in Finance and Investments, summa cum laude, from Ohio University. He further enhanced his business acumen through completing the General Management Program at Harvard Business School, solidifying his status as an expert in financial strategy and business operations.

About CD&R

Founded in 1978, CD&R partners with management teams to create sustainable business value across various industries, including industrial, healthcare, consumer products, technology, and financial services. With a commitment to effective stewardship and resilience, CD&R focuses on long-term growth and sustainable investment strategies. The firm maintains a significant presence in New York and London, underscoring its global reach within the investment community.

As CD&R continues to evolve and adapt to the dynamic landscape of financial and technology services, the addition of Walt Bettinger as Senior Advisor is poised to enhance its ability to navigate challenges while capitalizing on new market opportunities.