Introducing Charles Schwab GC Peter Morgan — An Exclusive Q&A with The Texas Lawbook
Charles Schwab's relocation of its global headquarters, including its 150-member corporate legal department, from San Francisco to a 70-acre campus in Westlake’s Circle T Ranch development is complete, and by all accounts, the transition has been hugely successful. The move required a significant amount of infrastructure work by the legal department for Schwab, a multinational financial services company with more than 32,000 employees, $11 trillion in assets under management and a market cap of $178 billion.
“The move itself was real legal work, including banking charter conversions and building new relationships with Texas regulators and the Dallas Fed, and we found the same constructive, execution-oriented approach throughout,” Schwab General Counsel Peter Morgan told The Texas Lawbook in an exclusive interview.
Morgan said Schwab's hiring of two Dallas prominent lawyers — Winstead shareholder Michael O’Neal and Jones Day partner and former U.S. Securities and Exchange Commission Regional Director Shamoil Shipchandler — were critical parts of the transition. In the interview, Morgan discusses the Texas legal and business markets and the challenges ahead.


