WASHINGTON (Reuters) - Wells Fargo CEO Charles Scharf plans to tell Congress that the bank could still face setbacks as it works to address longstanding regulatory issues, according to prepared testimony published by the House Financial Services Committee Tuesday.
In his testimony, Scharf said while he is confident the bank can address its problems as quickly as possible, the complexity and volume of the issues means it is likely several years before all regulators' concerns are fixed.
(Reporting by Pete Schroeder)
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Mr. Charles W. Scharf is a Chief Executive Officer & President at Wells Fargo Bank, NA, a President, Chief Executive Officer & Director at Wells Fargo & Co., a President, Chief Executive Officer & Director at Wells Fargo Bank, NA (San Francisco Branch), an Independent Director at Microsoft Corp., a Chairman at New York City Ballet, Inc. and a Member at The Business Council. He is on the Board of Directors at Wells Fargo & Co., Wells Fargo Bank, NA (San Francisco Branch), Microsoft Corp. and The Johns Hopkins University. He is a financial services veteran with 24 years of experience in leadership roles in the banking and payments industries. Mr. Scharf was previously employed as a Chief Executive Officer by BNY Mellon, NA, a Chief Executive Officer by The Bank of New York Mellon (New York, New York), a Chairman & Chief Executive Officer by The Bank of New York Mellon Corp., a Chairman & Chief Executive Officer by The Bank of New York Mellon Corp. (Investment Management), a Chief Executive Officer & Director by Visa, Inc., a Director-Supervisory Board by Smartrac NV, a Chief Executive Officer-Retail Financial Services by JPMorgan Chase & Co., a Chief Executive Officer-Retail Division by Bank One Corp., a CFO-Corporate & Investment Bank Division by Citigroup, Inc., a Chief Financial Officer by Smith Barney Asset Management, a Managing Director by One Equity Partners LLC, and a Chief Financial Officer by Salomon Smith Barney, Inc. He also served on the board at The St. Paul Travelers Cos., Inc., Visa U.S.A., Inc. and Travelers Property Casualty Corp. He earned a Bachelor of Arts degree from Johns Hopkins University and an MBA from New York University.
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| WELLS FARGO & COMPANY | Chief Executive Officer |
New York City Ballet, Inc.
 New York City Ballet, Inc. Movies/EntertainmentConsumer Services New York City Ballet, Inc. operates as a dance company. The firm offers athletic, contemporary style, and a repertory of original ballets. The company was founded by George Balanchine and Lincoln Kirstein in 1948 and is headquartered in New York, NY. | Chairman |
