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Wells Fargo names 'chief accountability officer' of consumer bank - Business Insider

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Wells Fargo is moving a wealth exec into its scandal-plagued consumer bank to fill a new 'chief accountability officer' role

and start reading now.

The new role comes as chief executive Charlie Scharf and bank officials Elizabeth Duke and James Quigley are set to testify before the House Financial Services Committee next week.

With her seat open, the firm's wealth operations are now looking to fill at least two senior leadership roles. It's also looking for a new CEO of wealth and investment management after last monthBarney will report to David Kowach, the head of Community Banking, which the firm has renamed Branch Banking. Kowach was the head of Wells Fargo Advisors until July 2019.'s wide-reaching sales practice scandal that first came to light four years and two chief executives ago.

Investigators have also fined Wells Fargo Advisors, a subsidiary of the bank and one of the largest US wealth managers with $1.6 trillion in assets under management, for a lack of employee oversight.

 

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