Wells Fargo taps former Obama man Daley to help mend bank’s image

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Wells Fargo’s new CEO Charlie Scharf picks political and bank heavyweight as new vice-chair of public affairs in bid to to close the door on years of scandals

Former White House chief of staff Bill Daley. Picture: WIN MCNAMEE / AFPCEO Charlie Scharf named Bill Daley, the former White House chief of staff in the Obama administration, as vice-chair of public affairs to improve relations with Washington, the firm said on Thursday in a statement. Daley already has the boss’s trust, having served as a top adviser when Scharf ran Bank of New York Mellon .

“It’s a big challenge, and it’s kind of exciting because at this stage in my life I’ve done a lot, I’ve been around of a lot of organisations, and you look at the size of this and the impact in America with new leadership,” Daley said in an interview. “The addition of Bill and this role to our operating committee is an important statement that we want different perspectives on our senior-most management committee and that we will think more broadly about our stakeholders as we move forward,” Scharf said in the statement.

 

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