Wells Fargo has announced that Amanda “Mandy” Norton will join the company this summer as its new chief risk officer. Norton, a 29-year financial services veteran, has served in a number of senior risk executive roles, most recently as chief risk officer of consumer and community banking at JPMorgan Chase. She will be based in the Company’s San Francisco offices.
As Wells Fargo’s chief risk officer, Norton will oversee all aspects of the company’s independent corporate risk function and risk oversight activities, including credit risk, market risk, operational risk, compliance, information security risk and conduct risk. She will report directly to Timothy J. Sloan, Wells Fargo’s president and chief executive officer and to the risk committee of the company’s board of directors. She will also serve as a member of the company’s operating committee and as an executive officer.
Commenting on the appointment, Mr. Sloan added “[Ms. Norton] has significant credit and operational experience, has spent time overseeing both wholesale and institutional risk, and has extensive consumer experience. Her track record leading complex risk management environments at large financial institutions will serve all our stakeholders well.”
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