Wells Fargo COO Scott Powell to become chief risk officer as Derek Flowers retires

By Public Technologies
  • Wells Fargo Chief Risk Officer Derek Flowers will retire in mid-January.
  • Chief Operating Officer Scott Powell will become chief risk officer upon Flowers’ retirement.
  • Powell has been COO since December 2019, leading risk and control transformation efforts across the bank.
  • Powell previously held risk management roles, led consumer banking and retail investments at JPMorgan Chase, then ran Santander Holdings USA as CEO.
  • Wells Fargo plans to name a successor to Powell as COO in the near future.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wells Fargo & Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20260923110433) on September 23, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.