Press Releases

“Greg has been active in the tech sector for over 15 years and has been an integral part of our Technology Group. We conducted a thorough, outside search to hire a new group head, and in the end, we decided to promote from within. Greg’s excellent experience and the depth of his relationships in the tech industry make him the right person to lead our Technology practice,” said Roche. “I applaud Greg and the whole Technology Group, as they have shown great perseverance and innovation in tough market, and I believe they have laid groundwork in the marketplace that bodes well for our future success in this sector,” he added.

Hanson joined Wachovia Securities from the Technology Investment Banking Group of J.P. Morgan, where he headed the communications equipment and enterprise software banking practices for the western United States. In his new role, he will manage a team of technology bankers based in San Francisco, Charlotte and the Northern Virginia / Baltimore area. Wachovia Securities focuses on clients in a range of technology sectors, including software, IT services, communications technologies, network security and semiconductors.

“I am excited about my new position at Wachovia. This is a great opportunity to build a technology franchise that will provide tech companies a full range of investment and corporate banking services to meet their needs,” said Hanson.

Prior to joining J.P. Morgan, Hanson practiced law with Morrison Forester for seven years in San Francisco, focusing on mergers and acquisitions, public and private financing, venture capital transactions and other securities law matters primarily for technology and telecommunications clients.

Hanson holds a law degree from Stanford Law School, a business degree from the University of Washington and is a certified public accountant and a member of the California Bar.

The Technology Investment Banking Group is a part of Wachovia Securities’ Investment Banking division that includes the following industry coverage groups: Healthcare, Technology, Media and Communications, IT Services & Outsourcing, Financial Services, Real Estate, Consumer, Industrial Growth & Services, Defense and Aerospace and Energy. Wachovia Securities is an integrated corporate and investment banking firm that deploys a full range of capital raising, market making and financial advisory services to meet the needs of corporate and institutional clients.

Wachovia Corporation (NYSE:WB), created through the September 1, 2001, merger of First Union and Wachovia, had assets of $320 billion and stockholder's equity of $29 billion at March 31, 2002. Wachovia is a leading provider of financial services to 20 million retail, brokerage and corporate customers throughout the nation. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and offers full-service brokerage with offices in 49 states and global services through more than 30 international offices. Online banking and brokerage products and services are available through wachovia.com and firstunion.com.

Important Notice: Wachovia Securities is the trade name under which Wachovia Corporation conducts its investment banking, capital markets and institutional securities business through First Union Securities, Inc. (“FUSI”), Member NYSE, NASD, SIPC, and through other bank and non-bank and broker-dealer subsidiaries of Wachovia Corporation, including Wachovia Bank NA (“WBNA”).

First Union Securities is the trade name under which Wachovia Corporation conducts its asset management and mutual fund, brokerage and insurance businesses through: (1) First Union Securities, Inc. (“FUSI”), a registered broker-dealer and member NYSE/NASD and SIPC; (2) First Clearing Corporation (“FCC”), a separately registered broker-dealer and member NYSE/NASD and SIPC, providing securities clearance and settlement services; (3) First Union Securities Financial Network Inc., a separately registered broker-dealer and member of the NASD and SIPC providing full-service brokerage services; (4) the Capital Management Group within Wachovia Bank NA, a national banking association, and its subsidiaries, providing asset management, lending, and fiduciary services; (5) various subsidiaries within Wachovia Corporation providing investment advisory, administrative and other services to the Evergreen family of mutual funds; and (6) various wholly-owned state insurance agencies.

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