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Wells Fargo: Hires Scott Powell as its new COO

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Wells Fargo: Hired Santander’s US chief Scott Powell to be the bank’s chief operating officer

  • Powell, who had served as the chief executive of Santander’s US operations, will start next week
  • He previously held senior positions at Stone Point Capital, JP Morgan and Citi
  • Powell will have responsibility for regulatory affairs at the bank, among other areas
  • His appointment will also likely continue a shift to the east coast
  • Powell, Scharf’s second major hire aimed at putting Wells Fargo on better terms with its external critics
  • He joined Santander in 2015 with a mandate to overhaul internal processes at a bank

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