Wells Fargo Names Richard Yorke COO of Wholesale Banking

Wells Fargo announced Richard Yorke, who previously headed the International Group, has been named chief operating officer of Wholesale Banking, reporting to Perry Pelos, senior executive vice president and head of Wholesale Banking. In his new role, Yorke will continue to lead Wells Fargo’s international governance function, which will include overseeing the company’s operations in Europe, Middle East & Africa (EMEA), Asia Pacific (APAC), Canada and Latin America.

Raj Bharadwaj, head of Cross-Border Strategy and Governance, as well as Jafar Amin, regional president for APAC, and Frank Pizzo, regional president for EMEA, will continue to report to Yorke.

Also, before assuming the role of Wholesale COO, Yorke will conduct an interim special assignment as part of the company’s efforts to resubmit its 2016 Resolution Plan (Living Will). Yorke will focus on the development of a revised Legal Entity oversight plan, working closely with CEO Tim Sloan and Chief Financial Officer John Shrewsberry. The plan is due in March.

“I look forward to working closely with Richard as our group COO. He is the right leader to ensure our Wholesale business continues to best serve the interests of our customers,” said Pelos. “He will also be invaluable to the efforts the company is leading to resubmit its 2016 Resolution Plan.”

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