Four executives that form part of Wells Fargo’s risk-management leadership have announced plans to retire from the San Francisco-based bank, according to a report by Bloomberg.
A person familiar with the situation told Bloomberg that Jim Richards, director of financial crimes risk management; Kevin Oden, head of operational risk and compliance; enterprise risk leader Keb Byers; Vic Albrecht of the community banking risk group will be leaving the company in the coming months. The person asked the publication not to be identified discussing the details.
Wells Fargo spokeswoman Richele Messick told Bloomberg that strengthening and transforming its risk management practices is a top priority for the bank.
“While more work is underway,…
