Wells Fargo Names Kate Clifford-Toomey as New Chief Operating Officer for Corporate Risk

Today, Wells Fargo & Company (NYSE: WFC) named Kate Clifford-Toomey as chief operating officer for Corporate Risk, reporting to Chief Risk Officer Mandy Norton. Clifford-Toomeys first day will be Sept. 3.

As chief operating officer, Clifford-Toomey will be responsible for coordinating risk operations, business architecture and strategy-related efforts across Corporate Risk functions. In addition, she will manage the Risk Framework Office and Corporate Policy Office as well as work with the Board of Directors on governance requirements and expectations.

Kate brings strong risk management experience and expertise that will be beneficial as we continue to strengthen our risk management capabilities and rebuild trust with our stakeholders, Norton said. We are pleased to have her join our team and help lead our risk transformation.

Clifford-Toomey has 20 years of experience managing transformational change programs for financial services organizations. Most recently, she was at Deutsche Bank where she was chief operating officer of the Americas and head of Americas Regulatory Transformation. Previously, she worked at Bank of America, J.P. Morgan Securities and Pricewaterhouse Coopers.

Clifford-Toomey earned her bachelor of science degree in accounting from Boston Colleges Wallace Carroll School of Management. She serves on the boards of the Securities Industry & Financial Markets Association and the YMCA in Ridgewood, N.J.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargos vision is to satisfy our customers financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,700 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 33 countries and territories to support customers who conduct business in the global economy. With approximately 262,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortunes 2018 rankings of Americas largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

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