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The Wall Street Journal

Wells Fargo Taps JPMorgan Executive to Lead Its Credit-Card Business

Growth in cards has been a focus for CEO Charlie Scharf

By AnnaMaria Andriotis

and

Gina Heeb
Wells Fargo has been launching more of its own credit cards while it mulls the future of its co-branded programs.
Wells Fargo has been launching more of its own credit cards while it mulls the future of its co-branded programs. Photo: Thalia Juarez for The Wall Street Journal

Wells Fargo has hired JPMorgan Chase executive Ed Olebe to lead its credit-card business, people familiar with the matter said. The bank is trying to grow that business under CEO Charlie Scharf.

The details

Olebe left JPMorgan late last year and will soon take over for Ray Fischer, who is set to retire, the people said. Fischer will stick around for some time to provide consulting to Olebe and the bank. 

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