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Ex-Obama aide Bill Daley to lead Wells Fargo public affairs group

Ex-Obama aide Bill Daley to lead Wells Fargo public affairs group

NEW YORK, Nov 8: Wells Fargo on Thursday named former President Barack Obama’s chief of staff to lead the bank’s public and government relations as it seeks to repair its reputation and pivot away from years of scandal, reports AFP. William Daley, who also served as Commerce secretary in the Clinton administration, will lead a team of 780 people globally as Wells Fargo’s vice chairman of public affairs. He will report to newly-named Chief Executive Charles Scharf whose top priorities include persuading the Federal Reserve to lift the cap on its growth imposed after a number of regulatory problems, especially a fake accounts scandal in late 2016.

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