Press Releases

"Wachovia is committed to building out a comprehensive suite of distressed debt and corporate restructuring services for our issuing and investing clients and Jerry's hire is a clear sign of that commitment," Mullins said. "Jerry has over 15 years of high yield and distressed experience and an extensive network of industry contacts. His background will allow us to quickly assemble a world class distressed debt team."

Keefe comes to Wachovia from Deutsche Bank, where he most recently served as director of Distressed Research in the firm's Global Distressed Trading Group. Prior to that, he was a principal at Blackstone Distressed Securities Advisors, where he helped to launch the company's first hedge fund, which focused on distressed securities in the United States and Europe. Previously, he worked in the Fixed Income Research group of MFS Investment Management and was a vice president in Merrill Lynch's Global Distressed Trading Group. Keefe began his career at Moody's Investors Service and is a graduate of Manhattanville College in Purchase, N.Y.

About Wachovia's Corporate and Investment Banking Group
Wachovia's Corporate and Investment Banking group offers a full suite of products and services to public and private companies, institutional investors, financial institutions and the financial sponsor community. Investment banking and the global markets businesses (fixed income and equities) operate under the Wachovia Securities brand and have become a global force in the capital markets arena by providing comprehensive advisory, capital raising, structuring and execution services. Wachovia's Corporate and Investment Bank also includes the 3rd largest Treasury Services business in the U.S., as well as leading asset-based lending and global correspondent banking services. The firm is built on a cohesive culture that encourages creative ideas, capital solutions, and experienced advice to all clients.

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.

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, with assets of $782.9 billion and market capitalization of $75.3 billion at December 31, 2007. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,400 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Our retail brokerage operations under the Wachovia Securities brand name manage more than $1.2 trillion in client assets through 17,900 registered representatives in 1,500 offices nationwide. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com; and investment products and services at evergreeninvestments.com.