Wells Fargo has named Scott Powell as its next chief risk officer, while Barclays has completed its CRO succession with Phil Beale replacing Matthew Stevens. Société Générale is also reshaping senior markets and French retail leadership, with several appointments due in November 2026. The personnel changes below were reported as of 2 October 2026; announced future dates are distinguished from moves already effective.
Who are the new CROs at Wells Fargo and Barclays?
| Bank | Outgoing CRO | Incoming CRO | Timing and confirmation |
|---|---|---|---|
| Wells Fargo | Derek Flowers | Scott Powell | Powell is to take over when Flowers retires in mid-January 2027. Wells Fargo announced the planned transition on 23 September 2026. |
| Barclays | Matthew Stevens | Phil Beale | Stevens retired effective 11 September 2026. Risk.net reported the succession on 2 October and said a bank spokesperson confirmed Beale’s appointment. |
Wells Fargo: Scott Powell will succeed Derek Flowers
Flowers intends to retire in mid-January 2027 after nearly three decades at Wells Fargo, the bank said in its 23 September 2026 announcement. He joined in 1995, held roles including chief credit officer and became CRO in 2022. Powell, the bank’s chief operating officer since December 2019, will become CRO when Flowers retires. Wells Fargo said Powell’s successor as COO would be named in the near future; it had not announced a name in the September statement.
Chairman and CEO Charlie Scharf said: “Derek played a pivotal role in strengthening our risk and control framework and fostering the strong risk culture that positions Wells Fargo for continued growth.” Those remarks are the company’s assessment of Flowers’s contribution. Wells Fargo’s announcement
Barclays: Phil Beale has replaced Matthew Stevens
Risk.net reported that Stevens retired as Barclays CRO on 11 September 2026 after 34 years at the bank, and that Beale succeeded him. The report says Beale previously spent 12 years at Barclays through 2022, most recently as CRO for its business bank, mortgages and ventures, before serving as deputy group CRO at Aldermore Bank. Risk.net attributed that career history to Beale’s LinkedIn profile.
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The Barclays transition is already effective; the Wells Fargo handover remains planned for January 2027. Risk.net’s report on Barclays
What are the latest Société Générale leadership changes?
Risk.net’s 2 October 2026 report describes changes spanning Société Générale’s global markets operations in the UK, Americas and Japan, as well as its French retail, private banking and insurance business. The November appointments below were still upcoming as of the report date; the Japan and French deputy appointments had already taken effect.
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| Role and region | Incoming leader | Change and timing |
|---|---|---|
| Head of global markets, UK | Salim Nemouchi | Due to succeed Albert Loo in November 2026. Nemouchi relocates to London and retains his global head of prime services role. |
| Co-heads of equities and equity derivatives, Americas | Natasha Dadlani and Stephane Dahome | Due to take up the joint roles in November 2026, based in New York and reporting to Sylvain Cartier, head of global markets Americas. |
| Head of global markets, Japan | Tomoyuki Sasi | Appointed effective 1 September 2026, succeeding Marc Saffon. |
| Deputy head of French retail banking, private banking and insurance | Benoit Grisoni | Appointed effective 1 October 2026; he remains CEO of BoursoBank. |
UK and Americas appointments planned for November
Nemouchi is to succeed Loo as head of global markets, UK. Loo is moving to Paris, where he will continue as global head of financial institutions coverage within global banking and advisory, as well as head of investor coverage. Risk.net said a spokesperson confirmed Nemouchi would retain his global prime services role.
Dadlani and Dahome are to become co-heads of equities and equity derivatives Americas. Before the planned move, Dahome most recently led linear trading within equity derivatives Americas, while Dadlani led equity derivatives and quantitative investment strategy sales. Risk.net reported that both will report to Cartier.
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Japan and French retail changes effective by 3 October
Sasi became head of global markets, Japan, effective 1 September 2026, succeeding Marc Saffon. Saffon became group country head for Japan on the same date. Risk.net reported that Sasi reports functionally to Mohamed Braham and locally to Koji Shimamoto, president of SG Securities Japan. The report’s text spells the name “Sasi,” while its image caption uses “Sasai.”
Grisoni became deputy head of French retail banking, private banking and insurance effective 1 October 2026. He reports to Lubomira Rochet and the group COO while continuing as BoursoBank CEO.
Risk.net’s report on Société Générale
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Other finance-industry appointments and departures
Risk.net’s roundup also reported these personnel changes:
- FNZ: Group CEO Blythe Masters is leaving. Executive group chair Stephen Welch will assume the role’s responsibilities while the board searches for a permanent CEO.
- Citi: Andrei Kazantsev is joining as global head of FX exotics trading in London.
- Two Sigma: Ian Jackson is becoming CRO as Satish Ramakrishna retires.
- Eurex: Robbert Booij is stepping down as CEO at year-end, with Eric Leupold named to succeed him.
- OCC: Jake Middleton was appointed chief security officer effective 8 September 2026.
- ProShares: Alessio de Longis was hired as CIO and head of research, alongside several other hires.
- European Banking Authority: Thomas Gstädtner was confirmed as executive director for a five-year renewable term.
- Marex: Robert Cheeseman was appointed head of prime services Asia.
- ING: Paolo Esposito was appointed director of financial markets corporate sales.
- ICBC Standard Bank: Michael Grimwade announced his departure.
- AIMA: Board changes for the 2026–2028 term took effect on 9 September 2026.
These additional items are attributed to Risk.net’s roundup; the report does not establish first-party confirmation for every appointment or departure. Risk.net’s 2 October 2026 roundup
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