Wells Fargo Shuffles Leadership in Wealth-Management Unit

Wells Fargo & Co., the fourth-biggest U.S. bank by assets, shuffled regional managers and broadened oversight as part of an effort to streamline the wealth-management unit.

The lender cut its regional managers from 12 to seven, Vince Scanlon, a bank spokesman, said in a May 6 e-mailed statement. John Dowd will add oversight of Pennsylvania and Delaware to his role managing the Northeast region and John Duchala, who had overseen the two states, will lead the Southwest, Scanlon said. Jeff Hartman adds Washington, Virginia and Maryland to his management of the Carolinas, as Greg Bronstein moves to head the Southeast region, Scanlon said.