Wells Fargo Overhauls Risk Management Operations With 6 New Hires

Wells Fargo (NYSE: WFC) has overhauled its compliance and risk management operations with six new appointments in an effort to enhance oversight. The new appointees build out the new, centralized risk model the bank introduced in May, featuring five line-of-business chief risk officers (CROs). Among the new hires is Paula Dominick, who will become chief compliance officer starting in October.