Daily News: June 10, 2019

Wells Fargo Names Clifford-Toomey New COO of Corporate Risk


Wells Fargo named Kate Clifford-Toomey chief operating officer for Corporate Risk, reporting to Chief Risk Officer Mandy Norton. Clifford-Toomey’s first day will be September 3, 2019.

As chief operating officer, Clifford-Toomey will be responsible for coordinating risk operations, business architecture and strategy-related efforts across Corporate Risk functions. In addition, she will manage the Risk Framework Office and Corporate Policy Office as well as work with the Board of Directors on governance requirements and expectations.

“Kate brings strong risk management experience and expertise that will be beneficial as we continue to strengthen our risk management capabilities and rebuild trust with our stakeholders,” Norton said. “We are pleased to have her join our team and help lead our risk transformation.”

Clifford-Toomey has 20 years of experience managing transformational change programs for financial services organizations. Most recently, she was at Deutsche Bank where she was chief operating officer of the Americas and head of Americas Regulatory Transformation. Previously, she worked at Bank of America, J.P. Morgan Securities and Pricewaterhouse Coopers.

Clifford-Toomey currently serves on the boards of the Securities Industry & Financial Markets Association and the YMCA of Ridgewood, N.J.