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Amy Hyland Jones
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March 15, 2005
Wachovia Securities Names Jeff Armstrong Head of Corporate Finance Group
CHARLOTTE, N.C. --- Wachovia Securities announced today that Jeff Armstrong, a Managing Director and 6-year veteran of the firm, has been named the new Head of Corporate Finance. Armstrong, who is based in Charlotte, is assuming a new position at the firm and will report to Kevin Roche, Head of Investment Banking.
"In his various leadership positions at Wachovia, Jeff has demonstrated great drive, commitment and an unwavering client focus as he has worked to improve many aspects of our business. Our origination platform will benefit from Jeff's competitive spirit, integrity and a clear vision for our business," said Roche.
As Head of Corporate Finance, Jeff will have direct responsibility for the 12 investment banking origination groups. The groups are as follows: Consumer and Retail, Defense and Aerospace, Energy and Power, Financial Institutions, Healthcare, Industrial Growth, IT and Business Services, Media and Communications, Real Estate, Technology, International and Strategic Advisory.
Armstrong joined Wachovia in 1999 from Salomon Smith Barney, where he was a Managing Director in the Financial Sponsors Group. His most recent position at Wachovia was Head of the Mergers & Acquisitions and Financial Sponsors Group, which also included responsibility for the Equity Private Placements Group.
Wachovia Securities is the trade name for the corporate, investment banking, capital markets and securities research 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 Capital Markets, LLC, is a U.S. broker-dealer registered with the U.S. Securities and Exchange Commission and a member of the New York Stock Exchange, the National Association of Securities Dealers, Inc., and the Securities Investor Protection Corp. Wachovia Securities International Limited is a U.K. incorporated investment firm authorized and regulated by the Financial Services Authority.
About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with retail operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $493.3 billion, market capitalization of $83.5 billion and stockholders' equity of $47.3 billion at December 31, 2004. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve customers primarily in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states and five Latin American countries. Global services are offered through 33 international offices. Online banking and brokerage products and services also are available through Wachovia.com.
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