Wells Fargo COO Scott Powell to become chief risk officer as Derek Flowers retires
Bitget2026/09/23 20:20- Wells Fargo Chief Risk Officer Derek Flowers will retire in mid-January.
- Chief Operating Officer Scott Powell will become chief risk officer upon Flowers’ retirement.
- Powell has been COO since December 2019, leading risk and control transformation efforts across the bank.
- Powell previously held risk management roles, led consumer banking and retail investments at JPMorgan Chase, then ran Santander Holdings USA as CEO.
- Wells Fargo plans to name a successor to Powell as COO in the near future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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