Hollingsworth will replace Tim Marrinan, who is retiring in the coming months, and will report to Caryl Athanasiu, executive vice president and chief operational risk officer in the Corporate Risk group.
Prior to accepting the current position, Hollingsworth was working as managing director and global head of Operations Compliance and Financial Crimes Compliance & Risk Management for Barclays Corporate & Investment Bank.
Commenting on the inclusion of Hollingsworth in Wells Fargo team, chief risk officer and head of Corporate Risk Mike Loughlin said, "Given the intensity of the current regulatory environment, it’s absolutely critical that we maintain a strong compliance team, and Yvette has demonstrated that she has the values, depth of knowledge and experience to effectively lead regulatory compliance for our company."
As CCO, Hollingsworth will ensure that all department and function of the firm meet compliance management responsibilities and abide by all applicable laws and regulations and the team will continue to provide independent oversight of business-based compliance management activities.
Hollingsworth has more than 10 years of experience in compliance and risk management, with the Federal Reserve System serving roles at the Federal Reserve Banks of San Francisco and New York as well as the Board of Governors.
Wells Fargo & Company, a $1.3 trillion wealth manager, provides banking, insurance, investments, mortgage, and consumer and commercial finance services through more than 9,000 stores, 12,000 ATMs, and other distribution channels across North America and globally.
