Wells Fargo Names Kate Clifford-Toomey as New Chief Operating Officer for Corporate Risk

SAN FRANCISCO–(BUSINESS WIRE)–Today, Wells Fargo & Company (NYSE: WFC) named Kate Clifford-Toomey as
chief operating officer for Corporate Risk, reporting to Chief Risk
Officer Mandy Norton. Clifford-Toomey’s first day will be Sept. 3.

As chief operating officer, Clifford-Toomey will be responsible for
coordinating risk operations, business architecture and strategy-related
efforts across Corporate Risk functions. In addition, she will manage
the Risk Framework Office and Corporate Policy Office as well as work
with the Board of Directors on governance requirements and expectations.

“Kate brings strong risk management experience and expertise that will
be beneficial as we continue to strengthen our risk management
capabilities and rebuild trust with our stakeholders,” Norton said. “We
are pleased to have her join our team and help lead our risk

Clifford-Toomey has 20 years of experience managing transformational
change programs for financial services organizations. Most recently, she
was at Deutsche Bank where she was chief operating officer of the
Americas and head of Americas Regulatory Transformation. Previously, she
worked at Bank of America, J.P. Morgan Securities and Pricewaterhouse

Clifford-Toomey earned her bachelor of science degree in accounting from
Boston College’s Wallace Carroll School of Management. She serves on the
boards of the Securities Industry & Financial Markets Association and
the YMCA in Ridgewood, N.J.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, investment and mortgage products and
services, as well as consumer and commercial finance, through 7,700
locations, more than 13,000 ATMs, the internet (wellsfargo.com) and
mobile banking, and has offices in 33 countries and territories to
support customers who conduct business in the global economy. With
approximately 262,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 26
on Fortune’s 2018 rankings of America’s largest corporations. News,
insights and perspectives from Wells Fargo are also available at Wells
Fargo Stories


Ann Wasik, 763-251-0549

John Campbell, 415-396-0523

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