ST. LOUIS, Sept. 3 /PRNewswire-FirstCall/ -- Wachovia Securities, LLC
announced today that Tom McManus, formerly managing director and chief
investment strategist at Banc of America Securities, has joined the firm as
its new chief investment officer and director of Advisory Services.
As chief investment officer, McManus will lead the firm's Advisory
Services Group, which is responsible for setting the overall investment
policy and strategy that supports the firm's financial advisors as they
provide clients with holistic, unbiased investment advice.
"We are extremely impressed with Tom's background, experience and
ability to connect with our financial advisors and their clients," said
Daniel J. Ludeman, president and CEO of Wachovia Securities, LLC. "He is
clearly the right person to help leverage the substantial talent that
exists within our firm's Advisory Services Group as a result of combining
Wachovia Securities and A.G. Edwards."
A well-known sell-side strategist who has achieved All-American honors
from Institutional Investor magazine, McManus joins Wachovia Securities
after having worked at firms such as Banc of America Securities, Morgan
Stanley and Goldman Sachs & Co. With a strong academic background, McManus'
credentials include a solid foundation in asset allocation and portfolio
strategy. In his new capacity, McManus will report to Brand Meyer and Peter
Miller, co-presidents of the brokerage firm's Financial Services Group.
Seasoned in equity derivatives and institutional sales, McManus is
particularly adept at analyzing both macro and micro issues in the economy
and markets, and breaking them down for a wide variety of audiences,
including individual investors. His communication acumen has given him
prominence among the business media, and he is a sought-after conference
speaker.
A native of New York, McManus received his bachelor's degree from
Columbia University School of Engineering & Applied Science. He, his wife
and their two daughters will be relocating to St. Louis.
About Wachovia Securities
Headquartered in St. Louis, Missouri, and one of the nation's largest
full service retail brokerage firms with $1.1 trillion in client assets,
Wachovia Securities provides financial advisory, brokerage, asset
management and other financial services through more than 18,000 registered
representatives in over 4,000 locations nationwide.* Wachovia Securities is
the trade name used by two separate, registered broker-dealers and non-bank
affiliates of Wachovia Corporation providing certain retail securities
brokerage services: Wachovia Securities, LLC, member SIPC, and Wachovia
Securities Financial Network, LLC, member SIPC.
* As of 6/30/2008. Assets, registered representatives and locations
include Wachovia Securities and A.G. Edwards brokerage offices as well as
selected Wachovia Bank financial centers. A.G. Edwards is a division of
Wachovia Securities, LLC.
SOURCE Wachovia Securities, LLC
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Related links:
http://www.wachovia.com
http://www.prnewswire.com/comp/314125.html /
CONTACT:
Teresa Dougherty, +1-314-955-1058, or Justin
Gioia, +1-314-955-2379, both for Wachovia Securities, LLC
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