Schwab Institutional former president Deborah Doyle McWhinney has been named the new head of Citi Personal Wealth Management.

Citi announced Wednesday that McWhinney will lead Citibank's efforts to expand its wealth management and premium personal banking services. Citi Personal Wealth Management includes the existing U.S. network of Citibank branch-based financial advisors and other financial planning and wealth management services.

After retiring as president of Charles Schwab Institutional in 2007, McWhinney was CEO and president of the Dennis and Phyllis Washington Foundation. Before joining Schwab, she was an executive vice president at Visa International and spent the preceding 17 years with Bank of America Corp.

In 2002, President Bush appointed McWhinney to the Board of Directors of the Securities Investor Protection Corporation (SIPC). She 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. She is the mother of two daughters.