Wells Fargo has a new group chief compliance officer for its wealth, brokerage and retirement division.

The San Francisco-based firm named Bob Mooney, currently head of compliance for Wells Fargo Advisors, to lead a team responsible for developing strategy, reporting and implementing compliance in the group, according to a statement.

Mooney has more than two decades of experience with Wells, and has served as the firm’s chief compliance officer for the past six years. He also was a regional director in its private client group and assistant general counsel.

Prior to joining the wirehouse, Mooney served as counsel for the enforcement division within the SEC. Earlier this year, he was elected as the large firm representative to the District 4 Regional Advisory Committee for FINRA.

Mooney will report directly to Vic Albrecht, who will become the group’s risk officer. The shift will occur at the end of the year.

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