IRVINE, Calif., Jan. 16 /PRNewswire-FirstCall/ -- Wachovia Wealth
Management today announced 20 new hires across Northern and Southern
California, continuing to build a team to deliver the full range of wealth
management services to high net worth individuals, their families and
businesses. As part of the build-out, Wachovia is establishing Legal
Specialty Group teams in San Francisco and Los Angeles to serve the unique
financial needs of law firms and attorneys.
With more than three times the number of millionaires than any other
state, California is a top priority for Wachovia Wealth Management
expansion. By 2010, households in the Los Angeles metro market -- which
includes Los Angeles, Santa Barbara and Ventura counties -- with $250,000
or more in investable assets, are projected to have grown 28 percent since
2005, according to data collected by Wachovia's Insight and Innovation
group. During that same five-year period, total population in that region
is expected to grow only seven percent. The legal community is also
predominant, with more than 80 of the nation's 200 largest revenue
producing law firms having offices in California.
"As the nation's fourth largest bank, we're excited to introduce the
Wachovia brand in California and are committed to serving affluent and high
net worth individuals in a distinctive way that will exceed their
expectations," said Stan Kelly, president of Wachovia Wealth Management.
"Our focus on local delivery and our commitment to excellence have made
Wachovia No. 1 in customer service six years in a row. Nowhere is that
personal touch more important than in wealth management."
Wachovia Wealth Management offers a full spectrum of high net worth
services, including private banking and credit; debt solutions; investment
management; financial and tax planning; trust and estate planning and
administration; charitable services and insurance. Wachovia's open
architecture investment offering includes alternative investments such as
private equity funds, hedge funds and exchange funds. Other specialties
include risk management, family office services, family governance and
stewardship consulting, marine and aircraft financing.
Wachovia's Legal Specialty Group offers a full range of specialized
services through a single point of contact, including customized lending;
cash management; banking; brokerage and asset management services;
financial, estate and tax planning; trust services; and life, disability,
long-term care, property and casualty insurance. The group is recognized
across the national legal community, said LSG managing director Kevin
Conroy, for its Comparative Analytical Tool (CAT), which provides law firm
senior management with a confidential benchmarking analysis of the firm's
financial results, as well as customized studies for law firms.
Deborah Shore, managing executive of the Wealth Management Western
Region, said Wachovia is winning new clients who like the firm's integrated
approach and focus on financial planning. "We go beyond investment
management to help clients not only grow and preserve their wealth but help
them think about what they want their wealth to do for them and the impact
it has on their families," she said.
Wachovia is establishing Wealth Management teams in San Diego, Orange
County, metro Los Angeles and the San Francisco Bay area.
"We are aggressively recruiting top performers who are creative
thinkers and want to be part of building something new," said Winston
Wilkinson, Western Region Private Banking director. "We're building a team
of people with character and expertise who know their markets and can
deliver a unique California approach for Wachovia clients."
The following new hires have joined Wachovia Wealth Management in
Southern California:
-- Ryan Dietz - Dietz joined Wachovia as regional director at 1800 Century
Park East in Los Angeles, after previously working as wealth management
consultant at Wells Fargo. A licensed securities professional, Dietz
has Series 6, 7, 66 and insurance licenses. He has worked in financial
services for 9 years.
-- Rosalie Domingo - An on-boarding manager, Domingo transitions newly
hired and internally transferred employees into their new roles. She
has been employed with Wachovia since 2001, first working in the
Capital Management Group for four years and then moving to Wealth
Management in 2005. Domingo has 14 years of experience in financial
services. She has a master's in business administration from Queens
University of Charlotte. She is located at 1800 Century Park East in
Los Angeles.
-- Chris Lee - Holding Series 7 and 66 securities licenses, as well as
California life and health insurance licenses, Lee is a relationship
manager with Wachovia. He previously worked for Wells Fargo as a
private banker. His office is located 2211 Michelson Dr. in Irvine.
-- Johnny Liu - A relationship manager with Wachovia with eight years of
experience in the financial services industry. Liu comes from Wells
Fargo where he was a regional private banker. He has Series 7 and 66
securities licenses and has obtained a certificate for personal
financial planning, in addition to being a life and health insurance
agent. His office is located at 2211 Michelson Dr. in Irvine.
-- Akiko Maeda - A client management associate, Maeda previously worked
for Wells Fargo as a business banking specialist, garnering several
sales and service awards during her tenure there. She has nearly three
years of experience in the financial services industry and her office
is located at 2211 Michelson Dr. in Irvine.
-- Mark Markarian - A senior relationship manager located at 1800 Century
Park East in Los Angeles, Markarian helps affluent families and
institutions effectively balance their assets and liabilities to better
manage overall cash flow. He previously worked as a senior private
banker with Wells Fargo Bank and has 22 years of experience in the
financial services industry. Markarian has a California insurance
license and Series 7 and 66 Licenses.
-- Vanessa Martin - Martin is a client management associate with 11 years
of financial services experience. Prior to Wachovia, she was employed
with Wells Fargo as a private client associate. Martin is located at
10421 Wateridge Circle in San Diego.
-- Renie Schebesch - As client management associate, Schebesch previously
worked for PacifiCare Behavioral Health as an executive assistant to t
the CIO/COO and CFO. Schebesch has 16 years of financial services
experience and is located at 2211 Michelson Dr. in Irvine.
ABOUT WACHOVIA WEALTH MANAGEMENT
Wachovia Corporation (NYSE: WB) is the 8th largest wealth manager in
the country, according to Barron's 2007 ranking of U.S. Wealth Managers.
Wachovia Wealth Management has been recognized for its award-winning open
architecture investment platform, Advantage, and was named 2007
High-Net-Worth Leader of the Year by Private Asset Management, a
publication of Institutional Investor. Wachovia Corporation is one of the
nation's largest diversified financial services companies, with assets of
$754.2 billion and market capitalization of $95.3 billion at September 30,
2007. Wachovia provides a broad range of retail banking and brokerage,
asset and wealth management, and corporate and investment banking products
and services to 13 million household and business customers.
SOURCE Wachovia Corporation
 back to top
Related links:
http://www.wachovia.com
http://www.prnewswire.com/comp/314125.html /
CONTACT:
Eileen Leveckis of Wachovia Corporation,
+1-510-446-4277
|
