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October 14, 2003
Wachovia Treasury and Financial Consulting Hires Renée McKenzie
Charlotte, N.C. - Wachovia Treasury and Financial Consulting announced today that Renée E. McKenzie has joined the group as a Senior Vice President and practice leader. McKenzie will report to Henry Waszkowski, Senior Vice President and consulting practice director. Wachovia Treasury and Financial Consulting is comprised of independent consultants who advise clients on a wide range of topics including corporate treasury management, working capital management and treasury automation.
"Renée is an important addition to our team. Her corporate treasury perspective, financial expertise and hands-on experience in treasury and financial management complement Wachovia's team of seasoned treasury and financial consultants," Waszkowski said.
McKenzie will focus on creating and implementing practical solutions that add significant value to the treasury and finance activities of her clients. Her consulting responsibilities include the organization of treasury staff for maximum efficiency and effective control; the development and administration of treasury and finance restructuring related to corporate mergers, acquisitions and divestitures; and the identification and selection of banks or other financial service providers for cash, investment and financial management activities.
Before joining Wachovia, McKenzie was the head of U.S. Treasury Services for ING US Financial Services. That company recently received a prestigious 2003 Alexander Hamilton Award from Treasury & Risk Management magazine, honoring excellence and innovation in corporate treasury management solutions. McKenzie is a Certified Public Accountant and Certified Cash Manager and holds series 7 and 63 licenses.
Wachovia Treasury & Financial Consulting
Wachovia Treasury & Financial Consulting (WT&FC) is an independent unit within Wachovia that provides strategic direction, process reengineering and implementation assistance to financial executives within treasury, finance and related areas. WT&FC specializes in creating practical solutions with measurable results to corporations, non-profit organizations and governmental agencies. WT&FC's core practice areas include treasury operations, working capital management, financial transparency and automation. For further information contact the group at treasury.consulting@wachovia.com.
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 $389 billion and stockholders' equity of $33 billion at September 30, 2003. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 9 million households, including 900,000 businesses, primarily in 11 East Coast states and Washington, D.C. Wachovia is also the nation's second-largest treasury management services provider for both domestic and international treasury management and consulting services. Cash flow solutions include, among other products, e-commerce, integrated payables and receivables, information reporting via Web or PC, and risk management. Its broker-dealer, Wachovia Securities, LLC, serves clients in 48 states. Global services are provided through more than 30 international offices. Online banking and brokerage products and services also are available through Wachovia.com.
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