Wells Fargo names BNY Mellon's Charles Scharf as CEO
Separately, BNY Mellon named finance head Thomas Gibbons as its CEO on an interim basis. The bank also said Scharf had forfeited all of his equity and incentive awards which were unvested as of Thursday.
“Scharf’s first task will be appeasing regulators and making the changes necessary to remove the asset cap currently in place,” Kleinhanzl said. He was named Dimon’s assistant six months into the job at Commercial Credit, according to an alumni magazine for the NYU stern business school.“He moves from a bank with far less retail business than Wells Fargo, so he will face a steep learning curve,” said Erik Gordon, a professor at the University of Michigan’s Ross School of Business.
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