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Wells Fargo Names COO Scott Powell as Next Risk Chief

Scott Powell will take over as chief risk officer as Wells Fargo continues reshaping its leadership and risk controls after regulatory pressure.

Summary by Banking Dive
Chief Risk Officer Derek Flowers will retire from Wells Fargo in mid-January, and Powell will transition to that role, the bank said.

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Banking DiveBanking Dive
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Wells Fargo names COO Scott Powell as next risk chief

Chief Risk Officer Derek Flowers will retire from Wells Fargo in mid-January, and Powell will transition to that role, the bank said.

·Newton, United States
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ReutersReuters
+2 Reposted by 2 other sources
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Wells Fargo's chief risk officer Derek Flowers to retire

·London, United Kingdom
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American BankerAmerican Banker

Latest leadership shuffle shows Wells Fargo is in new phase

Scott Powell, who was hired by CEO Charlie Scharf to help fix the bank's regulatory problems, is moving into the chief risk officer job. He will succeed Derek Flowers, who plans to retire early next year.

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BizTocBizToc

Wells Fargo Names COO Powell as Next Chief Risk Officer

Scott Powell will succeed Derek Flowers, who is retiring from the bank in January.

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Reuters broke the news in London, United Kingdom on Wednesday, September 23, 2026.
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