Wells Fargo announces appointment of two new Corporate Risk leaders
Kevin Reen will join Wells Fargo as CRO of Consumer Lending, whereas Bill Juliano will lead Wells Fargo’s Operational Risk Management team.
Wells Fargo & Co (NYSE:WFC) on Friday announced the appointment of two new Corporate Risk leaders and an enhanced organizational structure designed aiming to provide greater oversight of all risk-taking activities and a more comprehensive view of risk across the company. The new risk model will have five line-of-business Chief Risk Officers (CROs) along with other teams aligned by risk type, each reporting to Wells Fargo CRO Mandy Norton.
As part of these changes, Kevin Reen, who most recently served as JPMorgan’s CRO for its Card Services business, will join Wells Fargo in August as CRO of Consumer Lending. He will report to Norton.
The company will conduct a search for the new CROs for its Commercial Banking, Consumer & Small Business Banking, Corporate & Investment Banking, and Wealth & Investment Management businesses.
In addition, Bill Juliano, who most recently served as Consumer and Business Banking CRO and U.S. Chief Operational Risk Officer at Santander Bank, will join Wells Fargo in July to lead the Operational Risk Management team, reporting to Norton.
Other teams organized by risk type and governance will continue to report to Norton. In addition, due to the criticality of the function, Enterprise Testing will be elevated to a direct report to Norton after a search for a new leader is complete.
“Kevin and Bill bring extensive experience and leadership to these significant roles. They will be a vital part of my leadership team as we continue to strengthen and transform our risk program under this new organizational structure,” said Norton.