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September 02, 2003
Wachovia Corporate and Institutional Trust Hires New Business Development Officer for Structured Finance Trust Services
CHARLOTTE, N.C. - Wachovia Corporate and Institutional Trust announced today that it has hired Deborah McDonald as new business development officer in its Structured Finance Trust Services group. She will lead trustee sales for collateralized debt obligations (CDOs) throughout the East Coast and will be based in Wachovia's Hartford, Connecticut office.
Utilizing leading-edge systems and technology, Structured Finance Trust Services deals with all types of structured financings, such as asset-backed and mortgage-backed securities, tax liens and leveraged lease transactions.
"Deb certainly is a strategic hire for our Structured Finance sales team. I am thrilled that she has chosen to bring her wealth of industry experience to strengthen our group," said John Shope, national sales director of Corporate and Institutional Trust.
"With Deb joining the team, our group is well positioned to be a leading player in the structured finance industry. I am confident she will be able to make an immediate and definite impact on our CDO sales efforts and help us gain market share," adds Christophe Schroeder, Structured Finance Trust sales manager.
McDonald joins Wachovia from U.S. Bank, where she served as vice president in the Corporate Trust sales area for six years, focusing in part on CDO product offerings. Prior to U.S. Bank, she was a vice president in Corporate Trust at Fleet National Bank, Shawmut National Corp., Manufacturers and Traders Corp. and Marine Midland Bank, and was assistant treasurer in the Public Finance group of Chase Manhattan Bank.
She received a bachelor's degree from Boston University, with additional post-graduate study in business and public administration at State University of New York. McDonald is also a Certified Corporate Trust Specialist (CCTS), a member of the Government Finance Officer's Association and ex officio founding board member of the Western New York Veterans Housing Coalition, nationally recognized by the Department of Veterans Affairs.
Structured Finance Trust Services can serve as indenture trustee, owner trustee, bond administrator and calculation agent, collateralized debt administrator, warehouse collateral agent, document custodian and cash manager.
Wachovia Corporate and Institutional Trust offers retirement services, custodial services and investment management, conventional and structured finance trust solutions, equity services, information management and claims processing, and Investment Holding Company (IHC) services to institutional clients worldwide. Based in Charlotte, N.C., Wachovia Corporate and Institutional Trust has 37 locations in 17 states plus the District of Columbia.
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. 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. Its broker-dealer, currently operating under the names Wachovia Securities, LLC, and Prudential Securities Division of Wachovia Securities, LLC, serves clients through 700 offices 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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