Wells Fargo Appoints Ex-JP Morgan Executive Fernando Rivas as Co-CEO
On May 8, 2024, Wells Fargo announced the appointment of former JPMorgan Chase executive Fernando Rivas as Co-CEO of its Corporate and Investment Banking (CIB) division, signalling a strategic move to enhance its presence in the Wall Street market.
Sanjiv Somani, the CEO of Nutmeg and Chase UK, is leaving JP Morgan
JP Morgan executive Sanjiv Somani, who was the head of Nutmeg and the bank's fintech rival business Chase in the UK, has resigned. Somani, who has been with JP Morgan since 2016, headed Chase since its launch in the UK in 2021 and was Managing Director of International Consumer Banking UK.
