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Wells Fargo Finds `Fresh Blood’ to Close Era of Consumer Abuses

Jan. 25, 2019, 3:52 PM

Wells Fargo & Co. has jettisoned a longtime strategy of growing its own leaders in favor of importing them from elsewhere as the bank works to prove that it’s cleaning up a series of consumer scandals.

The San Francisco-based firm hired Steve Troutner -- a veteran of Citigroup Inc., Bank of America Corp. and Wachovia -- to lead the community bank’s U.S. Western region. And it brought in Nyron Latif from Goldman Sachs Group Inc. as the head of operations for Jon Weiss’s wealth and investment-management unit. Both moves were announced this week.

These are the latest in more than ...