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Media Contact:   Elise Wilkinson
(704) 374-6512

October 03, 2007
Michael Collins Named New Head of Wachovia Securities' Corporate Equity Derivatives Origination Team

CHARLOTTE, N.C.—Wachovia Securities announced today that Michael Collins has joined the Equity Division as managing director and head of the Corporate Equity Derivatives Origination team. Collins reports to Andy Sanford, managing director and head of Equity Capital Markets, and is based in the Charlotte office.

Collins joins Wachovia Securities after two years at Societe Generale, where he served as the firm's managing director and group head for the Americas Corporate and High Net Worth Equity Derivatives Sales division. Prior to joining Societe Generale, he worked at UBS Securities for 14 years, the last 10 within Corporate Equity Derivatives Sales. He joined UBS as a Corporate Finance Analyst and was one of the founding members of the San Francisco Investment Banking team. He received a Bachelor of Business Administration in Finance from the University of Notre Dame.

"We are excited to have Mike join Wachovia to enhance our Corporate Equity Derivatives business," said Sanford. "He brings a wealth of experience to this growing area of Equity Capital Markets."      

About Wachovia's Corporate and Investment Bank
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 and capital markets businesses of Wachovia Corporation and its subsidiaries, including Wachovia Capital Markets, LLC (WCM), member NYSE, FINRA, and SIPC, and Wachovia Securities International Limited, which is authorized and regulated by The Financial Services Authority in the United Kingdom. Wachovia Securities is also the trade name for the retail brokerage businesses of WCM's affiliates, Wachovia Securities, LLC, member NYSE, FINRA, and SIPC, A.G. Edwards & Sons, Inc., member NYSE, FINRA, and SIPC, 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 $719.9 billion and market capitalization of $97.5 billion at June 30, 2007. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to 13 million household and business customers. Wachovia has 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 $795 billion in client assets through approximately 10,800 registered representatives in 774 offices in 48 states and through service affiliate offices in Latin America. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com; and investment products and services at evergreeninvestments.com.


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