Keating brings to the position more than 25 years of investment banking experience. Most recently, he led the expansion of Wachovia's investment banking business in the Southwest United States as part of the Strategic Advisory Group, which provides investment banking services to the company's General Bank clients.
Keating first joined Wachovia in 1995 as the head of the High Yield Origination Group. Since then, he has managed client relationships in a number of corporate finance industry groups, including Diversified Industries, Business Services and IT Services and Outsourcing. Prior to Wachovia, Keating worked with Kidder, Peabody & Co. and Advent International.
"Rich brings very deep investment banking experience across a wide variety of industries and products," said Armstrong. "He has a significant track record of managing relationships and executing complex transactions with public and private companies. He will be a great asset to our international practice."
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.
Wachovia Capital Markets, LLC, is a U.S. broker-dealer registered with the U.S. Securities and Exchange Commission and a member of the New York Stock Exchange, the National Association of Securities Dealers, Inc., and the Securities Investor Protection Corp. Wachovia Securities International Limited is a U.K. incorporated investment firm authorized and regulated by the Financial Services Authority.
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. In addition, two core businesses operate under the Wachovia Securities brand name: retail brokerage with 768 offices in 48 states and service affiliate offices in Latin America, and corporate and investment banking serving clients in selected corporate and institutional sectors globally. Other nationwide businesses include mortgage lending in all 50 states and auto finance covering 46 states. 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. At March 31, 2007, Wachovia had assets of $706.4 billion and market capitalization of $105.3 billion.
