Sarah Dahlgren Named Wells Fargo Head of Regulatory Relations
January 30 2018 - 11:00AM
Business Wire
Wells Fargo & Company (NYSE: WFC) today announced that it
has named Sarah Dahlgren as its head of regulatory relations.
Dahlgren was most recently a partner in the Risk Practice at
McKinsey & Company. Dahlgren will report to Mike Loughlin,
Wells Fargo’s chief risk officer until his successor is named.
Loughlin announced his retirement January 17. She will join the
company March 12, and will be based in New York City.
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Sarah Dahlgren, Wells Fargo head of
Regulatory Relations (Photo: Business Wire)
“Wells Fargo is focused on transforming our risk management
practices and we are committed to being very engaged and completely
transparent with our regulators so they have a full understanding
of the progress we are making in building a stronger organization,”
said Wells Fargo CEO Tim Sloan. “Hiring a leader with Sarah’s
background is another important step in strengthening our risk
infrastructure and organization.”
In her new role, Dahlgren will be responsible for oversight of
regulatory relations for Wells Fargo’s Corporate Risk organization.
She will ensure an organized and cohesive approach to working with
the supervisory staffs of the company’s federal regulators and will
work with colleagues to coordinate efforts with regulators in other
jurisdictions. Dahlgren will be instrumental in leading the
company’s efforts to have a sustained, proactive dialogue around
risk, controls and compliance and will work across Wells Fargo to
ensure the company meets the regulatory commitments it makes.
“Sarah’s deep understanding of financial services regulation is
a welcome addition to our Corporate Risk team,” said Loughlin.
“With Sarah’s leadership, I am confident we will strengthen
our ability to communicate with our regulators about our progress,
solicit their feedback and input and consistently meet our
regulatory obligations.”
Dahlgren joined McKinsey in 2016. Before joining McKinsey,
Dahlgren had a 25-year career at the Federal Reserve Bank of New
York (FRBNY), where she started as an examiner and rose to become
executive vice president and head of financial-institution
supervision. In that position, she was responsible for overseeing
many of the largest banks operating in the United States and
developing new supervisory policies and procedures. Additionally,
Dahlgren is a board member of the Duke University Sanford School of
Public Policy.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $2 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investments, mortgage, and consumer and commercial finance through
more than 8,300 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 42
countries and territories to support customers who conduct business
in the global economy. With approximately 263,000 team members,
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 25 on Fortune’s 2017
rankings of America’s largest corporations. News, insights and
perspectives from Wells Fargo are also available at Wells Fargo
Stories.
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MediaRichele Messick,
651-724-5234Richele.j.messick@wellsfargo.comorInvestorsJohn
Campbell, 415-396-0523John.m.campbell@wellsfargo.com
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