Wells Fargo Names New Regulatory Executive
January 30 2018 - 12:52PM
Dow Jones News
By Emily Glazer and Allison Prang
Wells Fargo & Co. has appointed a former New York Fed
official to oversee regulatory relations for its corporate risk
group, a sector of the company that has had problems catching
issues at the bank.
Sarah Dahlgren is joining Wells Fargo from McKinsey & Co.,
where she has served as a partner since 2016. Ms. Dahlgren had
spent 25 years at the Federal Reserve Bank of New York, most
recently as the head of financial institution supervision.
She will start at Wells Fargo in March.
Ms. Dahlgren will report to Chief Risk Officer Michael Loughlin,
who is retiring. The company said earlier this month that it would
be hiring someone to replace Mr. Loughlin in "the next few
months."
Shares of Wells were down 0.5% midday Tuesday.
Write to Emily Glazer at emily.glazer@wsj.com and Allison Prang
at allison.prang@wsj.com
(END) Dow Jones Newswires
January 30, 2018 12:37 ET (17:37 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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