Wells Fargo's incoming CEO, Charles Scharf. (Photo: Kyle Grillot/Bloomberg)
Plenty of advisors, investors, regulators, politicians, clients and ex-clients have had their eyes on Wells Fargo, wondering who the bank would choose as its CEO. Six months after then-CEO Tim Sloan resigned in the face of criticism from lawmakers and others, the bank announced that it tapped Bank of New York Mellon Chairman and CEO Charles Scharf to take the reins, effective Oct. 21.
The news comes about a month since a report of the bank allegedly imposing fees on clients months after they'd closed accounts at the institution and three years since its fake-accounts scandal came to dominate headlines.
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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
