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March 26, 2002
Rohan Paul Joins Wachovia Securities' Industrial Growth and Services Investment Banking Group
CHARLOTTE, N.C. - Wachovia Securities today announced that Rohan Paul, an investment banker with more than 18 years of experience, has joined the firm as a managing director in the Industrial Growth and Services Group. Paul is based in Charlotte and will report to Ed Imbrogno, the group's head.
Paul was most recently a managing director at JP Morgan Chase, where he concentrated on developing the firm’s steel and building materials practice. Paul is a seasoned manager of fixed income, leveraged finance and equity transactions, as well as mergers and acquisition advisory mandates. He began his career at Chemical Bank in 1984 in the project finance and leveraged finance area.
“Rohan is a very experienced banker and a proven relationship manager. I am pleased he has joined Wachovia Securities and look forward to benefiting from his leadership, client skills, as well as the insight on a broad range of industrial sectors that Rohan brings to our practice,” said Imbrogno.
In his new role, Paul will serve as a corporate finance officer covering industrial materials companies for Wachovia Securities’ Industrial Growth and Services Group. The Industrial Growth and Services Group is focused on creating financial solutions for companies within a range of industries including steel, manufacturing and building materials. Paul holds an MBA from the Wharton School of Business at the University of Pennsylvania and a BA from Princeton University.
Wachovia Securities is a full-service investment bank providing clients with equity, fixed income, and convertible research, financial sponsors coverage, corporate finance and mergers and acquisitions advisory services. In addition, Wachovia Securities provides such products as debt and equity financing, loan syndications, derivatives, equity investments, asset securitization, treasury services and international correspondent banking.
Wachovia Corporation (NYSE:WB), created through the September 1, 2001, merger of First Union and Wachovia, had assets of $330 billion at December 31 and $28 billion in stockholders' equity. Wachovia is a leading provider of financial services throughout the East Coast and the nation. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and offers full-service brokerage with offices in 49 states and global services through more than 30 international offices. Online banking and brokerage products and services are available through wachovia.com and firstunion.com.
Important Notice: Wachovia Securities is the trade name under which Wachovia Corporation conducts its investment banking, capital markets and institutional securities business through First Union Securities, Inc. (“FUSI”), Member NYSE, NASD, SIPC, and through other bank and non-bank and broker-dealer subsidiaries of Wachovia Corporation, including Wachovia Bank NA and First Union National Bank.
First Union Securities is the trade name under which Wachovia Corporation conducts its asset management and mutual fund, brokerage and insurance businesses through: (1) First Union Securities, Inc. (“FUSI”), a registered broker-dealer and member NYSE/NASD and SIPC; (2) First Clearing Corporation (“FCC”), a separately registered broker-dealer and member NYSE/NASD and SIPC, providing securities clearance and settlement services; (3) First Union Securities Financial Network Inc., a separately registered broker-dealer and member of the NASD and SIPC providing full-service brokerage services; (4) the Capital Management Group within First Union National Bank (“FUNB”), a national banking association, and its subsidiaries, providing asset management, lending, and fiduciary services; (5) various subsidiaries within Wachovia Corporation providing investment advisory, administrative and other services to the Evergreen and Mentor families of mutual funds; and (6) various wholly-owned state insurance agencies.
Stocks, bonds, mutual funds or other securities offered or sold through Wachovia Corporation or any of its bank or non-bank subsidiaries are not deposits of any bank and are not insured, guaranteed or otherwise protected by the Federal Deposit Insurance Corporation or any other government agency; are not endorsed or guaranteed by Wachovia Corporation, FUNB, WBNA, or any bank; and involve investment risk, including possible loss of principal.
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