Jon Weiss, the co-chief executive officer of Wells Fargo (NYSE:WFC) & Co.'s corporate and investment bank will retire after nearly two decades with the company, according to an announcement on Thursday.

Wells Fargo said Jon Weiss is retiring as co-chief executive of corporate and investment banking, leaving former JPMorgan Chase executive Fernando Rivas as the sole chief of the bank's Wall Street businesses.

Jon Weiss, co-chief executive officer of Wells Fargo & Co.’s corporate and investment bank, plans to depart after almost 20 years at the company.Most Read from BloombergManhattan’s Morning Commute Tim