John S. Clendening

John S. Clendening is responsible for growing firm-wide profits through increasing net interest income, creating cross-enterprise operating leverage and institutionalizing growth through client loyalty.

In this role, Clendening’s accountabilities include Charles Schwab Bank; margin loans, deposits, payment features and client cash; the Schwab Center for Financial Research, which creates market and security insight that informs both clients and Schwab’s proprietary portfolio managers; the Client Loyalty Initiative; cross-enterprise strategy; and, management of cross-enterprise platforms such as broker desktop, client data and reporting and statements. 

Before joining Schwab in January 2004, Clendening was president and founder of Business Services for Savista Corporation, a venture of McDonald’s Corporation and Accel-KKR. Prior to that, he served as senior vice president and Chief Web officer, Living.com; senior vice president and chief marketing officer, Consumer Bank of First Union; and vice president and general manager, Refrigerated and Frozen Juices, Minute Maid – a division of the Coca-Cola Company.

Clendening earned a Bachelor of Arts degree in economics, with highest distinction, from Northwestern University. He received his Master of Business Administration degree, with honors, from the Harvard Graduate School of Business Administration.