PALM BEACH, Fla., July 30 /PRNewswire-FirstCall/ -- Wachovia
Corporation announced today that William "Bill" Bourbeau has been named
wealth management director for Wachovia Wealth Management in Florida. A
20-year financial services industry veteran, Bourbeau will lead the Florida
wealth markets group serving clients with $10 million in net worth and/or
$5 million to $50 million in investable assets.
In his role, Bourbeau will lead Wachovia Wealth Management's team of
nearly 200 relationship managers and associates based in 17 offices
throughout Florida. His office will be located in Palm Beach.
Bourbeau is a resident of Palm Beach and joins Wachovia from Bank of
America, where he most recently served as head of its Premier Banking &
Investment Group in Florida. Prior to that position, he led Bank of
America's Private Bank Group in Northern California and served as national
director of talent planning for the Private Bank, accountable for
recruiting and new leader development across the Private Bank franchise.
While in California and prior to joining Bank of America, Bourbeau spent
nearly 15 years with Merrill Lynch.
"Hiring an industry veteran like Bill Bourbeau, who is extremely
familiar with the Florida market and the clients we serve, demonstrates our
commitment to this region," said Stan Gregor, president of Wealth Markets
for Wachovia Wealth Management. "With our award-winning investment
management platform and Wachovia's leading reputation in client service and
loyalty, Bill will have an exceptional opportunity to continue to win new
market share. He will be a key player in expanding our practice in this
important region."
Bourbeau succeeds Anne Alexander, who was named executive of strategy
and execution for the wealth markets group, based in Jacksonville.
Alexander will continue to report to Gregor in her new role.
"Florida is a competitive environment within the wealth management
circle, and Wachovia Wealth Management has solidified itself as one of the
preeminent leaders in this space," said Bourbeau. "With the firm's
comprehensive focus on the client and its highly regarded professionals,
our goal is to build on that service and reputation to increase market
share in each market we serve."
About Wachovia
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $812.4 billion and
market capitalization of $33.5 billion at June 30, 2008. 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 3,300 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 $1.1 trillion in client assets
through 14,600 financial advisors 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.
SOURCE Wachovia Corporation
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Related links:
http://www.wachovia.com/
http://www.prnewswire.com/comp/314125.html /
CONTACT:
Vince Scanlon, +1-336-732-6387,
vince.Scanlon@wachovia.com or Damon Ford, +1-704-383-0092,
damon.ford@wachovia.com, both of Wachovia Corporation
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