Schwab Appoints Walter Bettinger to Lead Retail Business

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Safecharge International Group Limited	LSE:SCH	London	Ordinary Share	GG00BYMK4250	ORD USD0.0001

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Safecharge (LSE:SCH)
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SAN FRANCISCO, Nov. 8 /PRNewswire-FirstCall/ -- The Charles Schwab Corporation today announced the appointment of Executive Vice President Walter W. Bettinger II as president of the company's Individual Investor enterprise. Bettinger will succeed William L. Atwell, who announced his decision to retire from Schwab. Bettinger, 44, is a member of the company's Executive Committee and has served as chief operating officer of the Individual Investor enterprise since mid-2004. In that role, he has led the unit's sales and service functions, with responsibility for the company's network of 280 retail branch offices, as well as its three telephone service centers. He also held responsibility for Schwab Corporate Services, the enterprise serving corporate 401(k) and equity compensation plans. A 24-year financial services industry veteran, Bettinger joined Schwab in 1995, when the corporation acquired The Hampton Company, a firm he founded in 1983 at the age of 22 and built into one of the largest independent retirement plan service providers in the Midwest. In his new role, Bettinger will also assume responsibility for Schwab's complete range of services for individual investors, including investment advice, independent investor and active trader services, and multicultural and international services. With 5,300 employees, the Individual Investor enterprise is Schwab's largest division. "Walt Bettinger is a highly experienced financial services leader who shares my passion for client service," said Chairman and CEO Charles R. Schwab. "He was the driving force behind our entry into the corporate retirement plan services market, a highly successful leader of our branch and service center networks, and a key architect and advocate of our new approach to building deeper relationships with our clients -- a key component of our strategy. I'm extremely confident in his ability to lead our individual investor business forward." Atwell, 55, said his decision to retire from Schwab stemmed from a desire to spend more time with his family at his home on the East Coast. "With the firm's turnaround in place, I have decided to retire from Schwab and seek opportunities that do not require me to be away from my home and family to such a great extent," Atwell said. Atwell joined Schwab in August 2000, and was appointed to his current position in May 2003. Previously, he headed Schwab Institutional and Schwab International. During his tenure as head of the Individual Investor enterprise, Atwell launched Charles Schwab Bank and quickly expanded its services to include a credit card, investor checking, home mortgages and home equity loans and deposit services. At the same time, he oversaw an expansion in the range and depth of Schwab's services for individual investors, while improving the division's financial performance. "Bill's contributions to the firm have helped fuel our turnaround over the last 18 months," Schwab said. "Just as important, Bill has been a valued partner to me during his time at Schwab, and has been tireless in pursuing our goal of helping individual investors succeed." About Charles Schwab The Charles Schwab Corporation (NYSE / Nasdaq: SCH), through its operating subsidiaries, provides securities brokerage and financial services to individual investors and the independent investment advisors who work with them. With over 7 million individual investor accounts and more than $1 trillion in client assets, The Charles Schwab Corporation is one of the nation's largest financial services firms. Its subsidiary Charles Schwab & Co., Inc. (member SIPC) provides a complete range of investment services and products, including an extensive selection of mutual funds; financial planning and investment advice; retirement plans; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent fee-based investment advisors. Its subsidiary Charles Schwab Bank, N.A. (member FDIC) provides banking and mortgage services and products. The corporation's other operating subsidiaries include U.S. Trust Corporation (member FDIC) and CyberTrader(R), Inc. (member SIPC). These companies' Web sites can be reached at http://www.schwab.com/, http://www.schwabbank.com/, http://www.ustrust.com/, and http://www.cybertrader.com/. DATASOURCE: Charles Schwab CONTACT: Media, Greg Gable, +1-415-636-5847, or Investors/Analysts, Rich Fowler, +1-415-636-9869, both of Charles Schwab Web site: http://www.schwab.com/

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SCH Safecharge International Group Limited