Deborah McWhinney, chief operating officer of global enterprise payments at Citi, is retiring from the firm at the end of January 2014.

Deborah McWhinney, chief operating officer of global enterprise payments at Citi, is retiring from the firm at the end of January 2014.

McWhinney joined Citi in 2009 as head of the then newly-created Citi Personal Wealth Management organization, which provides investment services to clients with varying levels of personal assets.

McWhinney was previously president of Schwab Institutional, a division of Charles Schwab & Co, where she worked with independent investment advisors and spent six years overall. Earlier in her career, McWhinney spent 17 years at Bank of America, working in corporate and retail banking. She was also appointed by former President George Bush to the board of directors of the Securities Investor Protection Corporation in 2002.  

“She is now turning her vision into action and has been asked to join the board of a Fortune 250 company,” Citi said in a memo. “Over the coming weeks McWhinney will work with John Gerspach and senior partners in the GCB and ICG to ensure a successful transition for the CEP organization. In addition, she and Suni are helping identify the next generation of leadership for Citi Women.”

In other news, last week Citi elected Duncan Hennes as an independent director and to the board of Citibank, serving on the risk management and finance committees of both Citigroup and Citibank.

Hennes is the co-founder and partner of Atrevida Partners. His previous experience includes various positions at Bankers Trust Company, having previously been chief executive of Soros Fund Management. He then co-founded Promontory Financial Group, where he continues to serve as a member of the advisory board.