Amanda Norton Named Wells Fargo Chief Risk Officer
May 07 2018 - 4:15PM
Business Wire
Wells Fargo & Company (NYSE: WFC) today announced that it
has named Amanda “Mandy” Norton as chief risk officer. Norton, a
29-year financial services veteran, most recently served as chief
risk officer of consumer and community banking at JPMorgan Chase.
Norton will join the company this summer and will be based in San
Francisco. Mike Loughlin, who announced his plans to retire in
2018, will continue to serve as Wells Fargo’s chief risk officer
until Norton’s employment with the company begins, ensuring a
smooth transition.
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Amanda Norton, new chief risk officer for
Wells Fargo (Photo: Business Wire)
“Mandy’s deep experience and proven commitment to the risk
discipline make her an ideal choice for Wells Fargo,” said Timothy
J. Sloan, Wells Fargo’s president and chief executive officer. “She
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.”
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 Sloan 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. Norton will be instrumental in driving the company’s
efforts to become a leader in risk management, one of the company’s
six goals.
Norton, who spent the first six years of her career at Chase
Manhattan Bank, joined JPMorgan Chase in 2011 as the chief risk
officer for home lending; in 2013 she took on her most recent role,
where her responsibilities included risk oversight for home
lending, card services, auto finance, business banking, consumer
banking, and payments. Previously, she was with Ally Financial
serving as a market and credit risk executive. She also spent 14
years at Bank of America in various roles. Norton is a board
director of the Risk Management Association. She also volunteers
her time with The Financial Clinic and with the University of Bath
Alumni Foundation. At Bath University, she established a
scholarship for female students pursuing mathematical sciences, and
a scholarship for those pursuing a PhD in Mathematics.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investments, mortgage, and consumer and commercial finance through
8,200 locations, 13,000 ATMs, the internet (wellsfargo.com) and
mobile banking, and has offices in 42 countries and territories to
support customers who conduct business in the global economy. With
approximately 265,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was
ranked No. 25 on Fortune’s 2017 rankings of America’s largest
corporations. News, insights and perspectives from Wells Fargo are
also available at Wells Fargo Stories.
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version on businesswire.com: https://www.businesswire.com/news/home/20180507005923/en/
Media ContactRichele Messick,
651-724-5234richele.j.messick@wellsfargo.com@RJMessickWForInvestor
RelationsJohn Campbell,
415-396-0523john.m.campbell@wellsfargo.com
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