The firm is building on its roots that began as OFFITBANK more than 20 years ago as a fixed income money manager in the wealth market. Joseph Giglia, former chairman of the OFFITBANK Asset Allocation committee, is leading the team as managing director. Giglia, a 23-year veteran in financial services, oversees the delivery of a comprehensive wealth management platform, including private banking, customized credit services, investment management, financial planning, trust and estate planning, insurance and charitable services.
With the opening of its Manhattan office, Wachovia Wealth Management has 14 offices in the greater New York, New Jersey, Connecticut region. The wealth management expansion complements the corporation’s strategy to grow its retail banking presence in the city. Wachovia Bank opened its first two Manhattan retail financial centers in July, launching an expansion initiative that calls for the addition of 10 more financial centers in Manhattan over the next 18-24 months. As part of Wachovia’s entry into Manhattan, it also will add 25 more ATMs in the city, in addition to more than 40 ATMs at the new financial center locations. Wachovia already operates about 20 ATMs in prominent locations in New York City, including Penn Station and LaGuardia and JFK airports.
“I believe Wachovia is building momentum at exactly the right time,” Giglia said. “I hear the same concern almost every day: People are discontent with their present wealth provider. Wachovia Wealth Management is building an excellent team of specialists right here in Manhattan. With the new financial centers and our new hub office, we are boosting our presence significantly.”
Giglia joined OFFITBANK in 1988 where he managed several institutional and high net worth relationships. Additionally, Giglia was responsible for the high-grade client servicing group, marketing services and alternative investments. In 2000, Giglia was named chairman of the Asset Allocation committee. He received a bachelor’s degree from SUNY at Geneso and a master’s degree in business administration from New York University.
He leads a team that includes three relationship managers, two credit advisors, two client management associates, an investment management advisor, a custody advisor, a wealth strategist and support staff. Among the 10 professionals, seven have more than 10 years’ experience.
Crista Hearon, Janet Knox and Cornelia Conklin are relationship managers. In their positions, each serves as the primary point of contact to affluent and high net worth clients.
Hearon has 5 years of experience in the financial services industry. She received a bachelor’s degree from the University of Richmond and a master’s degree from Columbia University.
Knox has more than 16 years of experience in the financial services industry. She received a bachelor’s degree and a master’s degree in business administration from Adelphi University. She holds Series 7, 63 and 65 licenses.
Conklin has more than 10 years of experience in the financial services industry. She received a bachelor’s degree from Middlebury College.
Tamara Winn is a wealth strategist. In her position, she will assess financial planning needs for high net worth clients and identify opportunities to manage investments, insurance and estate planning. She has 3 years of experience in estate and financial planning. Winn received a master’s degree in business administration from Columbia School of Business and a law degree from New York University School of Law.
George L. Diaz Jr. is a personal trust advisor. In his position, he will concentrate on service, sales, and delivery of trust services. He has more than 22 years of experience in the financial services industry.
Elizabeth Williams Bean and Janet K. Monaco are credit advisors. In their positions, they are responsible for underwriting, structuring and recommending new and renewed commercial loan requests.
Bean has more than 20 years of experience in the financial services industry. She received a bachelor’s degree in economics from Vanderbilt University.
Monaco has nearly 30 years of experience in the financial services industry. She received a bachelor’s degree in business management from Empire State College.
Kathleen A. Warren and Wanda L. Ortiz are client management associates. In their positions, they are responsible for working with the relationship managers to establish banking relationships with new clients, as well as maintain the existing client relationships.
Warren has nearly five years of experience in the financial services industry. She received a bachelor’s degree in business administration and finance from the University of San Francisco. She holds the Series 7 and 63 licenses.
Ortiz has more than 12 years of experience in the financial services industry. She is a member of the American Bankers Association.
About Wachovia
Wachovia Corporation is the 5th largest wealth manager in the country, according to Barron's 2003 rankings of top Wealth Managers in the United States. The ranking is based on private banking assets under management, defined as individual clients with accounts of at least $1 million. Wachovia reported client assets, including clients with Wachovia accounts of at least $1 million, at $160 billion. That includes some assets of Wachovia Securities LLC, the corporation's retail brokerage arm, and Wachovia Wealth Management, the private banking, trust and investment management channel designed to serve wealth clients through a team-based model. Wachovia delivers integrated financial products and services to wealth clients through a team-based model, including private banking; debt solutions; investment management; charitable services; financial, tax and estate planning; trust administration; and insurance solutions.
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 $364 billion and stockholders’ equity of $32 billion at June 30, 2003. The corporation operates full-service banking offices in 11 East Coast states and Washington, D.C., and offers retail brokerage services in 48 of the 50 states. Global services are provided through more than 30 international offices. Online banking and brokerage products and services are available through wachovia.com.
