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November 16, 2004
Wachovia Securities Names George Johns Head of Financial Institutions Investment Banking Group
CHARLOTTE, N.C. --- Wachovia Securities announced today that George Johns has joined the firm as Managing Director and Head of the Financial Institutions Investment Banking practice, reporting to Kevin Roche, head of Wachovia's Investment Banking Group.
Johns, formerly Co-Head of Global Financial Institutions Corporate and Investment Banking at Banc of America Securities, will be responsible for developing and implementing origination strategy for Wachovia's client base of financial institutions, including these in the specialty finance, insurance, asset management and commercial bank sectors.
"We are incredibly excited about the client relationships, professional experience, vision, values and leadership George brings to the table," Roche said. "We are dedicated to growing this business and are looking forward to George making a significant contribution."
For the past five years, Johns was responsible for coordinating the delivery of strategic advisory and capital raising services to Banc of America Securities' financial institutions client base. Prior to joining Banc of America Securities in 1999, Johns worked as a senior banker for Merrill Lynch & Co., Salomon Brothers and The First Boston Corporation.
Johns holds an M.B.A. from Stanford University and a B.S. from Georgetown University, School of Foreign Service, where he graduated Phi Beta Kappa.
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. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve approximately 14 million client relationships (including households and businesses), primarily in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states and Washington, D.C. Global services are offered through 33 international offices. Online banking and brokerage products and services also are available through wachovia.com.
Wachovia had assets of $436.7 billion, stockholders' equity of $33.9 billion and market capitalization of $61.4 billion at Sept. 30, 2004. SouthTrust had assets of $53.8 billion and stockholders' equity of $4.7 billion at Sept. 30, 2004.
Wachovia Securities is the trade name for the Corporate and Investment Banking Services of Wachovia Corporation and its subsidiaries, including its broker-dealer Wachovia Capital Markets LLC, member NYSE, NASD, SIPC.
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