Still trying to polish its tarnished reputation, Wells Fargo announced Friday the appointment of two new corporate risk leaders and an enhanced organizational structure “designed to provide greater oversight of all risk-taking activities and a more comprehensive view of risk across the company.”
The new risk model will have five line-of-business chief risk officers (CROs) along with other teams aligned by risk type, each reporting to Wells Fargo CRO Mandy Norton. “This enhanced organizational structure will strengthen our risk management program, provide greater consistency in how we manage risk across our businesses, and better position us for the future,” Norton said.
