Wells Fargo’s chief compliance officer quits – FT

22Views

August 13, 2020

Wells Fargo & Co’s compliance chief is leaving after two years of trying to turn around the scandal-plagued bank’s internal oversight and risk management functions, the Financial Times reported on Thursday, citing people familiar with the decision.

Chief Compliance Officer Mike Roemer will be replaced by Paula Dominick, who has been chief compliance officer for Credit Suisse Americas and previously worked for Bank of America Corp , according to the report https://www.ft.com/content/ffeb7a3b-6908-4ea5-a848-841bad14297b.

Wells Fargo declined to comment on the report.

The move comes after Wells Fargo said in July that Mike Santomassimo would replace John Shrewsberry as chief financial officer when he retires in the fall after more than two decades at the firm.

Since taking over as chief executive in October, Charles Scharf has shaken up leadership at the bank and installed a slew of former colleagues and confidants in top positions.

Also Watch

B’luru Riots: BJP MP Tejasvi Surya Says ‘Mob Came Prepared For A Riot’ | Brass Tacks | CNN News18

The change at Wells Fargo also comes as it gears up to launch a broad cost-cutting initiative this year and continues to work through expensive regulatory and operational problems tied to a long-running sales scandal.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Array
(
[videos] => Array
(
[0] => Array
(
[id] => 5f357190a07a3a25bbc1b0b5
[youtube_id] => gryv85YLKx8
Wells Fargo’s chief compliance officer quits – FT => B’luru Riots: BJP MP Tejasvi Surya Says ‘Mob Came Prepared For A Riot’ | Brass Tacks | CNN News18
)

[1] => Array
(
[id] => 5f3571d0a28c9c25c1c3a9a0
[youtube_id] => LEaGa_r0MHE
Wells Fargo’s chief compliance officer quits – FT => Pakistan Army Chief To Visit Saudi Arabia In An Attempt To Wheedle The Latter Over Kashmir Issue
)

)

[query] => https://pubstack.nw18.com/pubsync/v1/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2,5d95e6c278c2f2492e214884,5d96f74de3f5f312274ca307&categories=5d95e6d7340a9e4981b2e10a&publish_min=2020-08-10T23:37:02.000Z&publish_max=2020-08-13T23:37:02.000Z&sort_by=date-relevance&order_by=0&limit=2
)

Wells Fargo’s chief compliance officer quits – FT

Also Watch

Speak Your Mind

LEAVE A REPLY Cancel reply

Get in Touch

Recommend for You

Oh hi there It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

You might also like

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

About Us

Follow Us

Support Us & Be a Patreon

Add QNewsHub to your Homescreen!

Oh hi there
It’s nice to meet you.