(17 August 2020 – United States) Wells Fargo have decided to enhance its risk management operations across the whole of the bank, appointing six new Chief Risk Officers (CROs) following the impact of Covid-19 and lockdown measures.
Each new hire will provide independent and holistic risk management leadership for their respective divisions. Working together, they will provide a review of all credit, operational, compliance and strategic risk models across the entire bank. CRO new appointments:
- Paula Dominick – Regulatory and Compliance
- Ellen Koebler – Commercial Banking
- Parasanna Someshwar – Wealth Management
- Jeff Colson – Finance
- Brian King – Consumer and Small Business Banking
- Patrick Dillion – Enterprise Testing and Validation
“It has now become necessary for bank to re-evaluate their risk profile against new and improved risk models and ensure that these are adhered to the greatest degree” commented East & Partners Europe Market Analyst, Pierre Sokoya.