Wells Fargo Promotes Yvette Hollingsworth
[dropcap]W[dropcap]ells Fargo & Company has named Yvette Hollingsworth as its chief compliance officer.
Hollingsworth, who most recently served as managing director and global head of Operations Compliance and Financial Crimes Compliance & Risk Management for Barclays Corporate & Investment Bank, will begin her new role on June 1, 2012. She succeeds Tim Marrinan, who announced his retirement late last year. Hollingsworth will be based in San Francisco, and will report to Caryl Athanasiu, executive vice president and chief operational risk officer in the Corporate Risk group.
As chief compliance officer, Hollingsworth will be responsible for ensuring that all areas of the company meet compliance management responsibilities and abide by all applicable laws and regulations. Her team will continue to provide independent oversight of business-based compliance management activities.
Hollingsworth has extensive experience in compliance and risk management, having spent approximately 10 years as a regulator with the Federal Reserve System with roles at the Federal Reserve Banks of San Francisco and New York as well as the Board of Governors.