Mike Roemer Named Wells Fargo Chief Compliance Officer
October 12 2017 - 10:35AM
Business Wire
Wells Fargo & Company (NYSE:WFC) today announced that it has
named Mike Roemer as chief compliance officer. Roemer, a 27-year
financial services veteran, most recently served as group head of
Compliance for Barclays. Roemer will join the company in January
2018 and will be based in San Francisco.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20171012005441/en/
Mike Roemer, Chief Compliance Officer for
Wells Fargo (Photo: Business Wire)
“Wells Fargo is committed to maintaining a strong compliance
program,” said Wells Fargo CEO Tim Sloan. “Hiring a leader with
Mike’s credentials is an important step in our commitment to
building a stronger compliance function and a better Wells
Fargo.”
In his new role, Roemer will be responsible for oversight of all
regulatory compliance risks for Wells Fargo. As chief compliance
officer, he will ensure that all areas of the company meet
compliance management responsibilities and abide by all applicable
laws and regulations. Reporting directly to Mike Loughlin, Wells
Fargo’s chief risk officer and head of Corporate Risk, Roemer will
be instrumental in leading the company’s efforts to develop an
industry-leading compliance program.
“The current regulatory environment demands strong compliance
leadership and Mike’s extensive compliance experience, particularly
at a globally systemic important bank, is a welcome addition to the
Corporate Risk group,” said Loughlin. “With Mike’s leadership,
I am confident we will strengthen our ability to provide the needed
tools and oversight for our team members to better serve our
customers.”
Roemer joined Barclays in 2012 as head of Internal Audit. During
his tenure, he was instrumental in supporting the cultural
transformation of Barclays following its LIBOR settlement in 2012
and leading and transforming its compliance function. Prior to
Barclay’s he was chief auditor with the CIT Group where he reported
directly to the Board Audit Committee and had global
responsibilities for the internal audit function. In addition, he
spent 23 years at JP Morgan Chase and its predecessor organizations
in various roles. Roemer is recognized for his work in establishing
the Compliance Career Academy, in conjunction with the Judge
Business School at Cambridge University. He is also a champion for
the LGBT community.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a diversified,
community-based financial services company with $1.9 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,
insurance, investments, mortgage, and consumer and commercial
finance through more than 8,500 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 271,000 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171012005441/en/
MediaRichele Messick,
651-724-5234Richele.j.messick@wellsfargo.comorInvestorsJohn
Campbell, 415-396-0523John.m.campbell@wellsfargo.com
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Sep 2023 to Sep 2024