Wells Fargo Taps Barclays for New Chief Compliance Officer

Wells Fargo has announced the hire of a new chief compliance officer as it distances itself from its fake account scandal, which has drawn repeated congressional hearings this year and forced a spate of resignations and turnover in the executive suite.

Michael Roemer will takeover in January as the new chief compliance officer, based out of San Francisco, and will report to the bank’s chief risk officer. His role will be to “ensure that all areas of the company meet compliance management responsibilities and abide by all applicable laws and regulations,” according to a press release announcing his hire.

Roemer joins from Barclays, ...