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October 14, 2003
Wachovia Leaders to Attend 2003 SIBOS Conference in Singapore
Wachovia to host exhibit booth, luncheons
Charlotte, NC - Wachovia announced today its participation in the annual SIBOS Conference to be held Oct. 20 - 24 in Singapore. SIBOS is the world's premier financial services event, attracting the industry's leading figures and firms. The conference is sponsored by SWIFT, an industry-owned cooperative organization, which supplies messaging services and interface software to financial institutions in 200 countries.
"The annual SIBOS Conference is a wonderful venue at which we can talk to our customers and hear, firsthand, their thoughts on challenges and opportunities facing our industry," said Michael Heavener, Executive Vice President and head of Wachovia's International Division. "We are excited to host a booth and two informational luncheon sessions at the conference this year, and we think it will be an excellent event for all involved."
Wachovia's International Division will host an exhibit booth at this year's conference, where customers can learn about all the products and services the division has to offer. Representatives from Global Financial Institutions, Global Trade Services, Global Payments, International Credit Products, Global Treasury Services and Global Custody will be on hand to answer questions.
Products highlighted at this year's conference include Trade and Cash Management Outsourcing, Global Payments, Global Collections, Custody and the bank's growing suite of Web-based solutions.
During the conference Wachovia will sponsor two customer luncheons, hosted by Ranjana Clark, Executive Vice President and head of Treasury Services, and Steven Nichols, Managing Director and head of the Global Trade Services Group. The luncheons will focus on "Channel Revolution: Global Reach for Local Needs," and "New Business Models and Realities in the Global Trade Services Industry," respectively.
Along with Heavener, Clark and Nichols, a number of Wachovia leaders will attend SIBOS this year, including: - Bridget-Anne Hampden, Chief Information Officer of Wachovia's Corporate and Investment Bank
- George Doolittle, Managing Director of Global Payment Services
- Ronald Haverkorn, Managing Director and head of International Credit Products Group
- Barbara Stockler, Senior Vice President and head of Alliance Services
- Michael Daley, Senior Vice President and head of Treasury Product Solutions Group
- Paul Cahill, Vice President and Director of Global Custody.
Global Financial Institutions Regional Managers, Yung-Chang Ho (Asia), Carlos Perez (Latin America) and Steven Bash (Europe, Asia, the Middle East, Sub-continent and Global Government Banking), also will attend.
Wachovia's International Division has a 200-year legacy in International correspondent banking, is the world leader in SWIFT message type 700 trade volume and third-party trade processing, and maintains more than 3,000 correspondent relationships in more than 130 countries. The International Division is also a leader in letter of credit volume and was the first bank in the world to allow its customers to initiate letters of credit over the Internet.
About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers throughout the East Coast and the nation, with assets of $364 billion and stockholders' equity of $32 billion at June 30, 2003. The company operates full-service banking offices in 11 East Coast states and Washington, D.C., and offers retail brokerage services in 48 of the 50 states. Global services are offered through more than 30 international offices. Online banking and brokerage products and services are available through wachovia.com.
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