Wells Fargo & Company (NYSE:WFC) today announced that it has named Mike
Roemer as chief compliance officer. Roemer, a 27-year financial services
veteran, most recently served as group head of Compliance for Barclays.
Roemer will join the company in January 2018 and will be based in San
Francisco.
“Wells Fargo is committed to maintaining a strong compliance program,”
said Wells Fargo CEO Tim Sloan. “Hiring a leader with Mike’s credentials
is an important step in our commitment to building a stronger compliance
function and a better Wells Fargo.”
In his new role, Roemer will be responsible for oversight of all
regulatory compliance risks for Wells Fargo. As chief compliance
officer, he will ensure that all areas of the company meet compliance
management responsibilities and abide by all applicable laws and
regulations. Reporting directly to Mike Loughlin, Wells Fargo’s chief
risk officer and head of Corporate Risk, Roemer will be instrumental in
leading the company’s efforts to develop an industry-leading compliance
program.
“The current regulatory environment demands strong compliance leadership
and Mike’s extensive compliance experience, particularly at a globally
systemic important bank, is a welcome addition to the Corporate Risk
group,” said Loughlin. “With Mike’s leadership, I am confident we will
strengthen our ability to provide the needed tools and oversight for our
team members to better serve our customers.”
Roemer joined Barclays in 2012 as head of Internal Audit. During his
tenure, he was instrumental in supporting the cultural transformation of
Barclays following its LIBOR settlement in 2012 and leading and
transforming its compliance function. Prior to Barclay’s he was chief
auditor with the CIT Group where he reported directly to the Board Audit
Committee and had global responsibilities for the internal audit
function. In addition, he spent 23 years at JP Morgan Chase and its
predecessor organizations in various roles. Roemer is recognized for his
work in establishing the Compliance Career Academy, in conjunction with
the Judge Business School at Cambridge University. He is also a champion
for the LGBT community.
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, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,500 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 271,000 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.