Prior to joining Wachovia, Esteves spent seven years at Putnam Investments in Boston as chief financial officer, with a year of additional responsibility for Human Resources. Previously, she spent 16 years in a variety of finance and business development roles at Miller Brewing Company and S.C. Johnson & Son, Inc.
In her new role, Esteves will oversee all finance operations for the Capital Management Group, including retail brokerage, asset management, retirement services and securities lending. She will report to David Carroll, president of the Capital Management Group, and will work closely with Thomas Wurtz, chief financial officer for Wachovia Corporation.
“Irene is a professional whose experience, talents and broad perspective working in consumer products and financial services will be a wonderful addition to our team,” said Carroll. “We are delighted she is joining Wachovia.”
“The Capital Management Group businesses are exciting and demanding,” said Esteves. “I am pleased to be joining a dynamic organization that is so well positioned for growth.”
Wachovia's Capital Management Group includes its retail brokerage arm, Wachovia Securities, the nation's third largest full service brokerage firm; its asset management firm, Evergreen Investments; its Retirement and Investment Products Group, which includes its institutional retirement plan business, Wachovia Retirement Services; and its securities lending business, MetWest. It has more than 17,000 employees located in offices throughout the United States serving retail and institutional clients.
Charlotte-based Wachovia Corporation (NYSE:WB) is one of the nation’s largest diversified financial services companies, providing 13.4 million household and business relationships with a broad range of banking, asset management, wealth management and corporate and investment banking products and services. Wachovia operates as Wachovia Bank through 3,159 offices in 16 states from Connecticut to Florida and west to Texas, and, until merger integration activity is completed, will continue to be known as Western Financial Bank in California. Two core businesses operate under the Wachovia Securities brand name: retail brokerage in 49 states and in Latin America, and corporate and investment banking in selected industries nationwide. Globally, Wachovia serves clients 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. Wachovia had assets of $541.8 billion, market capitalization of $90.2 billion and stockholders' equity of $49.8 billion at March 31, 2006.
