Wednesday, February 29, 2012

Charlotte-based Wells Fargo exec joins top leadership team

Wells Fargo announced Wednesday that it has named David M. Julian, who is based in Charlotte, to be the bank's new chief auditor.

His appointment makes him only the second person who reports directly to CEO John Stumpf to be based in Charlotte. Previously, only David Carroll, head of wealth, brokerage and retirement, was in the city.

Julian, 50, will take over for Kevin McCabe, who has served as chief auditor since 2002 and will be retiring at the end of June.

Julian joined Wachovia in 1997 and most recently had been head of market and institutional risk. He had also served as chief auditor and chief operating officer for finance at Wachovia.

Charlotte lost clout in the banking industry when Wachovia was acquired by San Francisco-based Wells Fargo in 2008. Fifteen of the top 16 Wachovia executives had been based in the Queen City. After the merger, only one top executive of the combined bank -- Carroll -- was in Charlotte.

Most of Wells Fargo's executives continue to be based in San Francisco.