"Jon, Harry and John will be terrific additions to Investment Banking. Each brings a wealth of product knowledge and institutional relationships to Wachovia, and I'm excited to add their strategic perspectives to our practice," said Wallace.
Shaw joins Wachovia after six years at UBS, where he most recently served as managing director and global co-head of Basic Materials. Prior to UBS, he was at JP Morgan and Dillon Read, and began his career in investment banking in the Industrials group at Smith Barney.
Foster joins Wachovia from Revolution Living, where he served as executive vice president for Finance and Business Development. Prior to joining Revolution Living, he was a senior managing director in the Mergers and Acquisitions Group of Bear Stearns & Co., where he headed the industrial products and services M&A efforts.
Church comes to Wachovia Securities from JP Morgan Chase, where he was responsible for client activity in the firm's paper, packaging and building products sector. Before joining JP Morgan, Church spent more than 10 years at Dillon Read/UBS Securities in that firm's forest products and packaging group.
Wachovia Securities Investment Banking practice provides a complete range of financing and advisory services to financial sponsor groups and corporate clients through eight industry groups: Consumer and Retail; Energy and Power; Financial Institutions; Healthcare; Industrial Growth; Media and Communications; Real Estate; and Technology.
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) 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's proprietary research is branded Wachovia Research.
About Wachovia:
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, providing a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services. Wachovia has retail and commercial banking operations in 21 states with 3,400 retail banking offices from Connecticut to Florida and west to Texas and California. Nationwide, Wachovia provides retail brokerage products and services in 48 states, mortgage lending in all 50 states and auto finance covering 46 states. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com; and investment products and services at evergreeninvestments.com. At March 31, 2007, Wachovia had assets of $706.4 billion and market capitalization of $105.3 billion.
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