CHARLOTTE, N.C., Jan. 23 /PRNewswire-FirstCall/ -- Wachovia Securities
announced today that Joe Kennedy has joined its Investment Banking division
as managing director and head of Food Industries. Based in New York, he
will report to Bill Blue, managing director and head of Retail and Consumer
Investment Banking. Kennedy will supervise the structuring and execution of
all restaurant and food and beverage transactions.
"Joe is one of the best consumer and retail bankers in the business,
and his joining our team is great news for our clients," Blue said. "His
diverse experience across advisory, equity and debt markets, along with the
strong client relationships he has built in both the restaurant and retail
spaces, makes him perfectly suited to lead this team. Joe will be a
tremendous asset to our platform."
Kennedy has more than 15 years of industry experience. He has been
intimately involved with the restaurant segment since 2000. Kennedy comes
to Wachovia from Banc of America Securities, where he most recently served
as managing director and co-head of Retail Investment Banking. Before that,
he spent five years in senior positions in the firm's Consumer and Retail
Investment Banking Group, including leading the Restaurant practice. Prior
to Banc of America Securities, Kennedy worked in Merrill Lynch's Investment
Banking Group. He began his career at J.P. Morgan Chase & Co. He holds a
master's in business administration from the William E. Simon Graduate
School of Business at the University of Rochester.
Wachovia Securities' Investment Banking practice provides a complete
range of financing and advisory services to financial sponsor groups and
corporate clients through eight industry groups: Consumer and Retail;
Energy and Power; Financial Institutions; Healthcare; Industrial Growth;
Media and Communications; Real Estate; and Technology.
Wachovia Securities is the trade name for the corporate, investment
banking and capital markets businesses of Wachovia Corporation and its
subsidiaries, including Wachovia Capital Markets, LLC (WCM) and Wachovia
Securities International Limited. Wachovia Securities is also the trade
name for the retail brokerage businesses of WCM's affiliates, Wachovia
Securities, LLC, Wachovia Securities Financial Networks, LLC, Wexford
Clearing, LLC, and First Clearing, LLC. Wachovia's proprietary research is
branded Wachovia Research.
About Wachovia:
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $782.9 billion and
market capitalization of $75.3 billion at December 31, 2007. Wachovia
provides a broad range of retail banking and brokerage, asset and wealth
management, and corporate and investment banking products and services to
customers through 3,400 retail financial centers in 21 states from
Connecticut to Florida and west to Texas and California, and nationwide
retail brokerage, mortgage lending and auto finance businesses. Globally,
clients are served in selected corporate and institutional sectors and
through more than 40 international offices. Our retail brokerage operations
under the Wachovia Securities brand name manage more than $1.2 trillion in
client assets through 17,900 registered representatives in 1,500 offices
nationwide. Online banking is available at wachovia.com; online brokerage
products and services at wachoviasec.com; and investment products and
services at evergreeninvestments.com.
In May 2007, Wachovia announced an agreement to acquire A.G. Edwards,
Inc., a financial services holding company whose primary subsidiary is the
national investment firm of A.G. Edward & Sons, Inc. A.G. Edwards and its
affiliates employ 6,623 financial consultants in 741 offices nationwide and
two European locations in London and Geneva. This proposed acquisition is
expected to be completed in the fourth quarter of 2007, pending the
approval of A.G. Edwards shareholders and applicable regulatory approvals.
SOURCE Wachovia Corporation
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Related links:
http://www.wachovia.com
CONTACT:
Elise Wilkinson of Wachovia Corporation,
+1-704-374-6512
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