Wells Fargo Chief Compliance Officer Roemer Leaving -- FT
August 13 2020 - 2:26PM
Dow Jones News
--Wells Fargo & Co.'s chief compliance officer, Mike Roemer,
is leaving after two years of attempting to turn around the
troubled bank's internal oversight and risk-management functions,
the Financial Times reported Thursday, citing people familiar with
the matter.
--Mr. Roemer's departure comes after Chief Executive Charles
Scharf reversed a previous decision to centralize the bank's risk
and compliance functions, according to the report.
--Mr. Roemer will be replaced by Paula Dominick, who has been
chief compliance officer for Credit Suisse Americas for more than
four years, the FT reported, adding that Wells Fargo didn't
immediately provide a comment.
Full story:
https://www.ft.com/content/ffeb7a3b-6908-4ea5-a848-841bad14297b
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 13, 2020 14:11 ET (18:11 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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