Wells Fargo chief risk officer Mike Loughlin has decided to retire from the company after serving in the role since 2008.
As chief risk officer, Loughlin managed credit, market risk, operational risk, compliance, and information security. The bank plans to name a replacement for Loughlin in the coming months.
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Loughlin joined Wells Fargo following its takeover of Crocker National Bank. He previously oversaw credit approval, policy and reporting for wholesale banking at Wells Fargo.
In addition, he earlier also served in senior positions in wealth management, corporate banking, operations and middle market banking units of the bank.
Wells Fargo president and CEO Timothy Sloan said: “Mike’s 36 years of service to Wells Fargo have included some of the most critical times in our company’s history.
“From the financial crisis in 2008, to the company’s merger with Wachovia, to the many economic and credit cycles we have navigated, Mike has demonstrated leadership and a commitment to all our stakeholders, especially our customers, in one of our company’s most critical roles, and for that we are grateful.”
