Bill Daley, vice chairman for public affairs at Wells Fargo, will retire at the end of the year.
Joining Wells Fargo from BNY Mellon in 2019, Daley assumed the newly created PA post that included government relations, corporate communications, branding, community relations and the bank’s foundation.
Wells Fargo CEO Charlie Scharf said Daley has been “an invaluable asset” to the company.
“During his time at Wells Fargo, we’ve strengthened our relationships with the communities we serve; established new programs in housing, small business, and other areas that have had an impact on hundreds of thousands of people; and worked to rebuild our reputation both nationally and locally,” said Scharf.
Daley, a key player in Democratic politics, was chief of staff to president Obama and commerce secretary in the Clinton administration.
Wells Fargo, which has $1.9T in assets, will announce plans for its PA group at a future date.