Morningstar

Wells Fargo Names Executive to Lead AI Initiatives

Provided by Dow Jones

By Katherine Hamilton 




  Wells Fargo has appointed one of its executives to lead the company's artificial-intelligence operations. 



  Saul Van Beurden, who has been serving as chief executive of consumer and small-business banking, will oversee AI at the bank, it said Thursday. 



  Wells Fargo has been using AI for robotic process automation and machine learning, and has trained more than 90,000 employees in using AI. It has deployed AI tools to 180,000 desktops and is starting to establish more use cases, Chief Executive Charlie Scharf said. 



  Van Beurden will work with business leaders and will be accountable to Scharf to show consistent and meaningful progress of AI across the company, the chief executive said. 



  Kleber Santos, the bank's chief executive of consumer lending, will take on expanded responsibilities to serve as co-chief executive of consumer and small-business banking alongside Van Beurden. 





  Write to Katherine Hamilton at katherine.hamilton@wsj.com 





  (END) Dow Jones Newswires



  November 20, 2025 16:52 ET (21:52 GMT)


Copyright (c) 2025 Dow Jones & Company, Inc.
  

					The articles, information, and content displayed on this webpage may
					include materials prepared and provided by third parties. Such
					third-party content is offered for informational purposes only and
					is not endorsed, reviewed, or verified by Morningstar.
				
 

					Morningstar makes no representations or warranties regarding the
					accuracy, completeness, timeliness, or reliability of any third-party
					content displayed on this site. The views and opinions expressed in
					third-party content are those of the respective authors and do not
					necessarily reflect the views of Morningstar, its affiliates, or employees.
				
 

					Morningstar is not responsible for any errors, omissions, or delays
					in this content, nor for any actions taken in reliance thereon.
					Users are advised to exercise their own judgment and seek independent
					financial advice before making any decisions based on such content.
					The third-party providers of this content are not affiliated with
					Morningstar, and their inclusion on this site does not imply any
					form of partnership, agency, or endorsement.
				
 

				Popular
				
 
  
 
 
 
 
The 10 Best Companies to Invest in Now
 
The stocks of these high-quality companies look cheap today. 
 
 
Tori Brovet 
 
 
 
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
 
Russ Kinnel shares investment ideas from his annual Thrilling Funds list and discusses how he screens for quality investments in a sea of options. 
 
 
Russel Kinnel and Ivanna Hampton 
 
 
 
The Top Funds for a Simpler Retirement Portfolio
 
For retirement savers and retirees, Christine Benz highlights all-in-one funds and core funds that can serve as building blocks for a streamlined portfolio. 
 
 
Christine Benz 
 
 
 
The 10 Best Dividend Stocks
 
These are the top dividend-paying stocks to buy today. 
 
 
Susan Dziubinski 
 
 
 
10 Top-Performing US Dividend Stocks
 
Chevron and Pfizer are among Q3's high-yielding winners. 
 
 
Bella Albrecht 
 
 
 
 

			Sponsor Center