Charles W. Scharf is an American banking executive who served as CEO and Chairman of BNY Mellon (Bank of New York Mellon Corporation) from 2017 to 2019. A protégé of legendary banker Jamie Dimon, Scharf has led some of the largest financial institutions in the world, including Visa Inc., BNY Mellon, and now Wells Fargo, where he serves as Chairman and CEO. At BNY Mellon, Scharf focused on modernizing the firm’s technology infrastructure and driving operational efficiency at the world’s largest custodian bank. He departed in 2019 to take on the monumental task of turning around scandal-plagued Wells Fargo.

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Charles Scharf – Quick Facts

BNY Mellon Competitors

During Charles Scharf’s tenure as CEO, BNY Mellon competed with some of the largest financial services firms in the world. As the world’s largest custodian bank, BNY Mellon’s key competitors include:

• State Street Corporation – major custodian bank and asset management firm
• JPMorgan Chase & Co. – largest U.S. bank by assets, with a major custody business
• Citigroup – global banking with securities services
• Northern Trust – wealth management and asset servicing
• Bank of America – diversified banking and financial services
• Morgan Stanley – investment banking and wealth management
• Goldman Sachs – investment banking and asset management

Charles Scharf Net Worth 2026 – Salary & Compensation

As of 2026, Charles Scharf’s net worth is estimated at approximately $90–135 million USD, based on his disclosed Wells Fargo stock holdings, vested equity awards, and cumulative compensation from his decades-long career leading major financial institutions. According to SEC filings, Scharf holds approximately 1.1 million shares of Wells Fargo stock, worth over $90 million at current market prices.

Wells Fargo CEO Compensation Breakdown (FY2024)

During his time as BNY Mellon CEO (2017–2019), Scharf earned approximately $17.1 million in total compensation for 2017, making him one of the top-paid CEOs in America that year.

BNY Mellon Net Worth 2026 – Financial Performance

Although Charles Scharf departed BNY Mellon in 2019, the firm has continued to grow significantly. Under current CEO Robin Vince, BNY Mellon delivered record financial results in 2025.

BNY Mellon Financial Summary (FY2025)

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Contact Charles Scharf – Email Address & Social

Below are the contact details for Charles Scharf in his current role as Chairman and CEO of Wells Fargo:

Career & Education – Company, University, & College

Charles Scharf’s career spans nearly four decades in financial services, during which he has led some of America’s most prominent financial institutions. His career has been closely intertwined with that of Jamie Dimon, one of the most influential bankers in modern history.

Charles Scharf Career Timeline

Scharf’s career began in the late 1980s when he took a part-time job at Commercial Credit Corporation while still a senior at Johns Hopkins University. A family connection introduced him to Jamie Dimon, who was then serving as CFO under Sandy Weill. After six months, Scharf became Dimon’s personal assistant, attending all executive meetings and gaining invaluable business knowledge and decision-making experience.

He followed Dimon through a series of corporate mergers and acquisitions — from Commercial Credit to Primerica, Travelers Group, and eventually Citigroup. During this period, Scharf served as CFO of Salomon Smith Barney and its predecessor company from 1995 to 1999, followed by a role in Citigroup’s Global Corporate and Investment Bank division.

In 2000, when Dimon became CEO of Bank One, Scharf joined as CFO. He later rose to CEO of Bank One’s retail business. When JPMorgan Chase acquired Bank One in 2004, Scharf became CEO of JPMorgan Chase’s Retail Financial Services, a role he held until 2011. He then spent a year as Managing Director of One Equity Partners, JPMorgan’s private equity arm.

In November 2012, Scharf was appointed CEO of Visa Inc., where he helped grow the payments giant’s global reach. He stepped down in December 2016, citing the difficulty of spending enough time at Visa’s San Francisco headquarters while his family remained on the East Coast.

In July 2017, Scharf was tapped to replace Gerald Hassell as CEO of BNY Mellon, becoming Chairman in January 2018. He focused on transforming BNY Mellon into a technology-forward financial services platform. His tenure was cut short in September 2019 when Wells Fargo recruited him to lead its turnaround following the bank’s fake-accounts scandal.

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Education

Scharf earned his Bachelor of Arts degree from Johns Hopkins University in Baltimore, Maryland in 1987. It was during his senior year at Johns Hopkins that he began his part-time job at Commercial Credit, launching his career in financial services. He later earned an Executive MBA from NYU Stern School of Business in 1991 while working full-time. Scharf remains connected to his alma mater as an Emeritus Trustee of Johns Hopkins University.

Charles Scharf Wiki – Age, Wife, Family, & More

Charles William Scharf was born on April 24, 1965, in New York City. He is currently 60 years old. Scharf and his wife Amy E. Scharf have two daughters together. The family resides in New York, and Scharf’s strong ties to the East Coast have been a recurring theme in his career — most notably when he left Visa’s CEO role in 2016 because he could not spend enough time at the company’s San Francisco headquarters while his family remained on the East Coast.

Notable Achievements & Board Memberships

• Microsoft Board Member – Independent director since October 2014; serves on the Compensation and Governance & Nominating committees
• Wells Fargo Turnaround – Led Wells Fargo through regulatory remediation after the fake-accounts scandal, restoring operational credibility
• Visa Globalization – Expanded Visa’s international operations and digital payments strategy during his tenure as CEO (2012–2016)
• BNY Mellon Modernization – Initiated technology transformation efforts at the world’s largest custodian bank
• Johns Hopkins Emeritus Trustee – Maintains a long-standing connection to his undergraduate alma mater
• Jamie Dimon Protégé – One of the most successful executives to emerge from Dimon’s leadership orbit

Scharf is known for his direct management style and focus on operational efficiency. At Wells Fargo, he brought in outside talent and restructured the organization to address systemic risk management failures. His leadership culminated in his appointment as Chairman of the Board in October 2025.

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About BNY Mellon (Bank of New York Mellon)

The Bank of New York Mellon Corporation (BNY Mellon) is an American multinational financial services holding company headquartered in New York City. Founded in 1784 by Alexander Hamilton as the Bank of New York, it is the oldest bank in the United States. BNY Mellon was formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation.

Today, BNY Mellon is the world’s largest custodian bank with over $52 trillion in assets under custody and administration. The company provides investment management, investment services, and wealth management to institutions, corporations, and individual investors globally. BNY Mellon trades on the NYSE under the ticker symbol BK and has a market capitalization of approximately $83.7 billion as of early 2026.

Frequently Asked Questions (FAQ)

Article last updated:March 2026March 3, 2026