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Movers and Shakers: Wells Fargo appoints co-head of M&A

Varo Bank names Shetty new CTO

Brian StonebyBrian Stone
May 15, 2023
in Banking
Reading Time: 3 mins read
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Wells Fargo on May 8 named Jeff Hogan as its co-head of global mergers and acquisitions within its banking division.

Jeff Hogan, co-head of M&A, Wells Fargo

Hogan joined the $1.9 trillion bank after leaving Morgan Stanley, where he held the same position, according to a Wells Fargo release. Hogan and fellow co-head David DeNunzio will report to Wells Fargo Head of Banking Tim O’Hara, per the release.

“Jeff is a veteran banker with a strong track record in M&A transactions, advising a broad cross section of clients, and building high‑performing teams,” O’Hara said in the release. “As co‑heads of Global M&A, David and Jeff will partner closely with the broader M&A team around strategy, delivering for clients and content to further grow our franchise.”

Hogan spent 27 years at Morgan Stanley, where he served as head of western region investment banking and head of western region mergers and acquisitions, the bank release said.

Varo Bank names Shetty new CTO

Sachin Shetty, CTO, Varo Bank

Digital bank Varo Bank has named Sachin Shetty as its chief technology officer to improve the bank’s tech stack and innovations.

Shetty’s experience primarily lies within the payments industry, as he was most recently CTO for Addi, a digital commerce platform for Latin America. In addition, he previously served as senior vice president and head of engineering at point-of-sale fintech Clover, according to a company release.

Shetty has experience building applications from scratch to help deliver software systems that are scalable and architecturally viable, the release said.

“With its cutting-edge technology, Varo has the ability to help millions of Americans striving to build financial wealth, realize their financial power and unlock prosperity,” Shetty said in the release. “I look forward to leading Varo’s talented team and to connecting technology, product, data and design to help consumers realize economic mobility.”

FV Bank selects del Valle as new chief risk, compliance officer

Luz Mabel del Valle, chief risk officer and chief compliance officer, FV Bank

FV Bank appointed Luz Mabel del Valle as its chief risk officer and chief compliance officer in April.

Del Valle is focused on the San Juan, Puerto Rico-based bank’s risk strategy through increased staff training and augmenting the developments FV Bank already has in place, she told Bank Automation News, noting, she is also watching for emerging threats to the bank.

“If something’s new, we need to be aware of and give training and with my expertise, give more advice to our to our employees, and just fine tune the system that we have right now,” she said. “[I] try to be one step ahead of what the fraudsters are thinking, of what they are doing, what will be their next step. I want to be one step ahead of them.”

Prior to joining FV, she spent two decades in the banking industry, having served as chief compliance officer at Stern International Bank and as a principal examiner at the Office of the Commissioner of Financial Institutions, according to an FV Bank release.

Barclays taps Everett as compliance head

Barclays Bank brought Kirsty Everett over from HSBC to serve as the London-based bank’s new chief compliance officer.

Everett was previously group head of compliance at HSBC and brings experience working in the compliance landscape for banks including UBS in her 11 years in the financial services industry, according to a release from Barclays.

“I look forward to working closely with Kirsty as we execute on our strategy and continue to focus on delivering an excellent service for our clients and customers,” C.S. Venkatakrishnan, gro  up chief executive officer at Barclays, said in the release.

Tags: BarclaysMovers and ShakersPremiumVaro BankWells Fargo
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