Wells Fargo Hires Ex-Santander Lawyer as Top Policy Adviser (1)

Wells Fargo & Co. is adding another in-house legal expert to work alongside new general counsel Ellen Patterson.

Michael Lipsitz officially joined the banking giant Monday as its new chief policy adviser, according to an internal Wells Fargo announcement viewed by Bloomberg Law.

He spent nearly five years with Santander Holdings USA Inc. as a senior executive vice president and chief legal officer for the Boston-based U.S. unit of Spain’s Banco Santander SA.

Lipsitz now reports to William Daley, a former Mayer Brown partner and one-time chief of staff to President Barack Obama who since November has served as a ...