Wells Fargo & Company announced that Fernando Rivas has been named SEVP and Co-CEO of Corporate & Investment Banking (CIB), reporting to Wells Fargo CEO Charlie Scharf and joining the company?s Operating Committee, effective May 8, 2024. Rivas and Jon Weiss, who has been CIB?s CEO since February 2020, will lead the business together. Rivas joins Wells Fargo after a nearly 30-year career at JP Morgan Chase & Company (JPMC).

He was most recently JPMC?s Head of North American Investment Banking. Prior to that, he was Co-Head of JPMC?s Global Financial Institutions Group. In these and other roles at JPMC, he built and led investment banking franchises and managed many of the firm?s large investment banking relationships, including being involved in dozens of marquee strategic transactions and capital raises.