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October 07, 2004
Wachovia Leaders to Attend Annual Sibos Conference in Atlanta
Wachovia to host exhibit booth, business luncheons
Charlotte, NC - Wachovia announced today its participation in the annual Sibos Conference, this year in Atlanta. At the conference the company will host an exhibit booth highlighting its innovative trade and payment solutions and two conference luncheons featuring a global economic outlook and a discussion on global payments.
"Sibos is an opportunity for us to take a step up from our day-to-day relationships with our customers and engage in a deeper dialogue around the more strategic issues and opportunities we all face," said Michael Heavener, Executive Vice President and head of Wachovia's International Division. "We always enjoy showcasing our innovative solutions, and we look forward to hosting a pair of business luncheons, which will explore global payments issues and offer our outlook on the global economy."
Wachovia's International Division will host an exhibit booth at this year's conference, which runs from October 11-15, featuring information on all the products and services the division has to offer.
Products highlighted at this year's conference include Private Label L/C and Open Account/Documentary Collections, Trade Services, Global Payments, Global Collections, Third Party Trade Processing, Cash Management Outsourcing and Online Foreign Exchange.
During the conference Wachovia will sponsor two customer luncheons. The first luncheon, "Preparing for the Endgame: Global Payments 2004," will be hosted by Carl Rutstein, VP & Director, North American Topic Leader for Payments, with Boston Consulting Group and Don MacLeod, Executive Vice President & Director of Payment Strategies at Wachovia. Wachovia's Global Economist, Jay Bryson, will host the second luncheon, entitled "Global Economic Outlook for 2005." In addition, two Wachovia leaders will participate in conference sessions. Ray Mulhern, Senior Vice President in Wachovia's Payment Strategies Group, will speak as part of the "SWIFTNet: The Value Beyond Migration" session on Monday of the conference. Steven Nichols, Managing Director and Head of Global Trade Services, will present during the "Innovative Trade Services: Responding to Evolving Needs?" session on Wednesday.
Along with Heavener, MacLeod, Mulhern, Nichols and Bryson, a number of Wachovia leaders will attend Sibos this year, including: Ranjana Clark, Executive Vice President and Head of Wachovia's Treasury Services DivisionSusan Certoma, Senior Vice President and Chief Information Officer for Wachovia's Corporate and Investment BankGeorge Doolittle, Managing Director of Global Payment ServicesRonald Haverkorn, Managing Director and head of International Credit Products GroupAnn Givens, Senior Vice President and head of Wachovia's International Treasury Services groupMichael Daley, Senior Vice President and head of Treasury Product Solutions GroupPaul Cahill, Vice President and Director of Global CustodyGlobal 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.
Sibos, the world's premier financial services event, is sponsored by SWIFT, an industry-owned cooperative organization that supplies messaging services and interface software to financial institutions in 200 countries. 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 $418.4 billion, market capitalization of $58.3 billion and stockholders' equity of $32.6 billion at June 30, 2004. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 12 million client relationships (including households and businesses), primarily in 11 East Coast states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states. Global services are offered through 32 international offices. Online banking and brokerage products and services also are available through Wachovia.com.
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