Pelos became CEO of commercial banking last year, when Wells Fargo split its wholesale banking unit — which Pelos was overseeing at the time — into a commercial banking unit and another for corporate and investment banking. He joined Wells Fargo in 1987 as part of a commercial banking training program.
In his statement, Pelos praised the “meaningful work” his team has performed, including resolving a 2015 consent order the Office of the Comptroller of the Currency (OCC) put in place over anti-money laundering compliance.
