Paul V. Woolway
Managing Director, Chief Banking Officer
Paul V. Woolway is Managing Director, Chief Banking Officer, responsible for Charles Schwab Bank, a federal savings bank, which offers retail consumer banking services, including lending solutions and FDIC-insured banking products such as checking, savings, money market accounts, and certificates of deposit. He also oversees Charles Schwab Trust Company, which provides corporate trustee services.
Woolway is responsible for the overall management of Schwab's banking and trust services, including strategy, operations, product management, and regulatory oversight. He partners with other leaders across Schwab to develop and deliver a range of deposit, lending, and trust services. The overall goal for the enterprise is to drive a compelling value proposition and create an exceptional client experience to help reinforce and deepen Schwab's relationship with our clients.
Woolway has spent his entire career in the financial services sector, and since 2000 he has held senior executive positions in the banking industry. Prior to joining Charles Schwab Bank, Woolway was Senior Executive Vice President and Chief Administrative Officer at Bank of the West. In this capacity, he was responsible for managing the central administrative functions of the bank, including operations, information technology, human resources, marketing, corporate communications, community and government relations, and corporate real estate. He also led the bank's product strategy and corporate development departments and was responsible for banking strategy, project management, product delivery, and mergers and acquisitions.
Before joining Bank of the West, Woolway served for 12 years as a financial services industry consultant with Arthur Andersen/Accenture and KPMG, where he provided strategic and operational consulting services to major financial services companies throughout the world.
Woolway received his degree in accounting from Loyola Marymount University. He is a Certified Public Accountant in the state of California.
The Charles Schwab Corporation (“Schwab”) provides a full range of securities, brokerage, banking, money management and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC), offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank (member FDIC and an equal housing lender), provides deposit and lending services and products. Brokerage products offered by Charles Schwab & Co., Inc. are not insured by the FDIC, are not deposits or obligations of Charles Schwab Bank, and are subject to investment risk, including the possible loss of principal invested.