CHARLOTTE, N.C., Sept. 4 /PRNewswire-FirstCall/ -- Wachovia Securities
announced today that Craig Overlander will join the firm as managing
director and global head of Fixed Income, beginning Sept. 15. Overlander
will report to Ben Williams, head of Global Markets and Investment Banking
and will be based jointly in Charlotte and New York City.
"Craig has a unique combination of deep fixed income experience,
demonstrated leadership skills and strong client relationships," said
Williams. "His focus on clients and creating partnerships across
organizational lines are a natural fit for Wachovia's culture. I am excited
to have such a talented leader as the head of this important business."
A graduate of Williams College, Overlander built a 26 year career at
Bear Stearns, serving most recently as managing director and co-head of
Fixed Income. He has been closely involved in managing the transition
during the firm's acquisition by J.P. Morgan and has served on Bear
Stearns' Management and Compensation Committee as well as various Boards of
Directors of Bear Stearns subsidiaries.
"Wachovia has a long-standing track record of success in the fixed
income space," said Overlander. "I am proud to join a firm with such a
strong brokerage, asset management and retail franchise. The industry
leading products and deep talent base of Wachovia's fixed income platform
combined with its broad distribution network create tremendous
opportunities for future growth."
About Wachovia's Corporate and Investment Banking Group
Wachovia's Corporate and Investment Banking group offers a full suite
of products and services to public and private companies, institutional
investors, financial institutions and the financial sponsor community.
Investment banking and the global markets businesses (fixed income and
equities) operate under the Wachovia Securities brand and have become a
global force in the capital markets arena by providing comprehensive
advisory, capital raising, structuring and execution services. Wachovia's
Corporate and Investment Bank also includes the third-largest Treasury
Services business in the U.S., as well as leading asset-based lending and
global correspondent banking services. The firm is built on a cohesive
culture that encourages creative ideas, capital solutions and experienced
advice to all clients.
Wachovia Securities is the trade name for the corporate, investment
banking, capital markets, and institutional securities businesses of
Wachovia Corporation and its subsidiaries. These businesses are conducted
through Wachovia Capital Markets, LLC, member FINRA, NYSE and SIPC, and
other bank and non-bank broker-dealer subsidiaries of Wachovia Corporation,
including Wachovia Bank, National Association. 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.
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
CONTACT:
Elise Wilkinson, +1-704-374-6512, for
Wachovia Corporation
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