Wells Fargo has hired Tom Nides as its vice chairman as CEO Charlie Scharf attempts to move the bank past its previous scandals.
![Nides, who possesses a well-connected network and industry experience in both Wall Street and Washington, will begin his position at Wells Fargo in the following month. Photo: Getty Images](https://krugmaninsights.com/wp-content/uploads/2023/09/merlin_151771086_e85411e1-b163-47d1-8efb-0f7a68705c01-videoSixteenByNineJumbo1600-1024x576.jpg)
Responsibilities for the role include advising Scharf, enlarging the bank’s relationship with key clients, and overseeing its public affairs division.