Diane Schueneman is an independent director for Penson Worldwide, effective November 29, 2011. She replaced David A. Reed following his resignation, and also took Reed's place on the Board's audit and compensation committees.
Schueneman was previously senior vice president and head of global infrastructure solutions for BofA Merrill Lynch from 2006 to 2008. Before that, she was the head of global operations and infrastructure services from 2004 to 2006. Her rise at Merrill began in 1971 when she parlayed early jobs there into a position in fixed-income sales.