Bloomberg Law
Jan. 27, 2020, 10:46 AMUpdated: Jan. 27, 2020, 4:38 PM

Wells Fargo Looks Outside for Next Post-Scandal Legal Chief (1)

Brian Baxter
Brian Baxter

Wells Fargo & Co. is expected to choose an external candidate as its new legal chief, according to three sources familiar with the matter.

The search is approaching its final stages with candidates being vetted by senior bank executives, said one current Wells Fargo in-house lawyer, who was not authorized to speak about the process. An announcement is expected within the next few weeks, the source said.

The prospects for an internal promotion within the general counsel’s office have dimmed since CEO Charles Scharf joined Wells Fargo in October. Scharf, who is based in New York, has publicly emphasized the ...

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