Buyout Firm CD&R Hires Ex-Schwab CEO Bettinger as Senior Adviser

Clayton Dubilier & Rice has hired Walt Bettinger, the former chief executive officer of Charles Schwab Corp., as one of Wall Street’s oldest private equity firms continues to tap the expertise of veteran business leaders.

Bettinger, who left Charles Schwab last year after leading it for more than 15 years, will join CD&R as a senior adviser. He’s tasked with helping to identify investment opportunities in the financial services and technology sector for CD&R, he said in an interview.

Walt Bettinger

Photographer: David Paul Morris/Bloomberg

“What appealed to me was the firm’s focus on operational excellence,” Bettinger said. “The fact that around 80% ...