By Justin Baer
Bill Daley, the former White House chief of staff, has left his post at Bank of New York Mellon Corp. less than five months after the bank announced his arrival.
Mr. Daley said Tuesday he made the decision after his former boss, BNY Mellon CEO Charles Scharf, departed to take the same job at Wells Fargo & Co. Messrs. Daley and Scharf had previously worked together at JPMorgan Chase & Co., and the CEO had brought on his former colleague to oversee BNY Mellon's government affairs and communications functions.
But with Mr. Scharf's exit earlier this month, "I knew I wasn't going to stay," he said.
"Bill Daley's departure was expected as Bill joined us a few months ago largely as an adviser to Charlie," a BNY Mellon spokeswoman said. "We parted amicably and wish him well in his future endeavors."
Mr. Daley's last day was Friday.
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