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
