"Our division, already one of the largest Asset-Based financing providers in the history of this business, continues to experience rapid growth. We fully expect 2007 to be our strongest year ever," said Bill Davis, managing director and head of Wachovia's Capital Finance division. "To build on this momentum, I am pleased to announce our new leaders who will focus on building even stronger partnerships with our clients. Each brings invaluable experience to our team and positions us to continue the double-digit growth we have experienced for several years."
The new leadership roles within Wachovia Capital Finance (WCF) will report directly to Bill Davis and will focus on both business development and portfolio management for their areas.
Andrew Robin, managing director, is WCF's Northern U.S. Region executive, responsible primarily for the Northeastern geography in the U.S.
Holly Kaczmarczyk, managing director, is WCF's Southern U.S. Region executive, responsible primarily for the Southeastern U.S. region.
Brad Whitcomb, managing director, is WCF's Western U.S. Region executive, responsible for Central, Midwest and West Coast regions in the U.S.
Leo Leitner, managing director, is WCF's Corporate and Investment Banking executive responsible primarily for clients within investment banking, financial sponsors groups, leveraged finance and other national restructuring firms.
Wayne Ehgoetz, managing director and president of Wachovia Capital Finance Canada, will continue in this role and also focus on international expansion efforts.
Also reporting to Bill Davis are Barry Bobrow, Underwriting and Syndication executive, and Mark Fagnani, chief credit executive.
Wachovia Capital Finance is a division of Wachovia Bank, N.A.,
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.
