With Sommers' appointment, Scharf is continuing to hire men mostly with experience at JPMorgan, drawing on a pool of talent he's intimately familiar with and that cannot be tied to Wells Fargo's previous turmoil and mismanagement.
There's head of public affairs Bill Daley, who was a former executive of JPMorgan and BNY Mellon. Ray Fischer, who heads up cards, retail, and merchant services, spent 14 years at JPMorgan in a similar unit there. Michael Cleary, who joined earlier this year to lead sales practices oversight and management, worked at JPMorgan for 13 years.
Earlier this year, Scharf announced a reorganization, splitting three business lines into five; wealth was largely untouched by structural change — and in the wider wealth management and brokerage industry. "I would expect to see more appointments like this. Not necessarily from JPMorgan all the time, but I think there will be more change at the business line heads of Wells Fargo over time as Charlie continues to rethink both the strategy and composition of his executive team," Usdin, who has met Sommers and called him "knowledgable and skilled in the businesses he's run at JPMorgan," said Thursday in a phone interview.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
A huge climb to restore their reputation.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
30 quotes that take you inside Albert Einstein's brilliant mind - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Einstein had a brilliant mind but also had a set of brilliant Maths Proffs on his team, Einstein had a vision and an idea and would get the maths worked out with his team of Maths Proffessors.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
$2.5 billion Tiger Cub Valinor Management winding down firm - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Ebay ex-CEO, PR head shared texts about taking down critics: DOJ - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
6 hot apps that Silicon Valley insiders are buzzing about - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 👀
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
YouTube and influencer business trends newsletter June 18 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »