Wachovia Names Davies President of Wachovia Mortgage Corp.
27 October 2003 - 8:41PM
PR Newswire (US)
Wachovia Names Davies President of Wachovia Mortgage Corp.
CHARLOTTE, N.C., Oct. 27 /PRNewswire-FirstCall/ -- Wachovia
Corporation today announced that C.D. Davies will succeed Debra
Warren as president of Wachovia Mortgage Corp. Warren retired in
May. (Photo: http://www.newscom.com/cgi-bin/prnh/20031027/CHM016 )
Davies, who is currently the chief operating officer for Wachovia
Mortgage, has been with Wachovia for 15 years. He joined the
company in 1988 and has held key leadership positions throughout
the Wachovia franchise, most recently as the leader of Wholesale
Lending and Secondary Marketing. Prior to joining Wachovia, Davies
was a certified public accountant with PricewaterhouseCoopers. He
is a graduate of Clemson University, where he earned a bachelor's
degree in financial management. "We are fortunate to have an
executive of C.D.'s caliber and background to lead Wachovia
Mortgage Corp.," said Bob Burton, head of Wachovia's Retail Credit
Businesses and Products. "C.D. combines a deep understanding of
Wachovia with a knowledge of the mortgage industry that has
developed throughout his career. As president of Wachovia Mortgage,
C.D. will play a critical role in redefining our strategies and
operating environment across all consumer lending." 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 Sept. 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, 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. http://www.newscom.com/cgi-bin/prnh/20031027/CHM016
http://photoarchive.ap.org/ DATASOURCE: Wachovia Corporation
CONTACT: media, Jennifer Darwin of Wachovia Corporation,
+1-704-383-8149 Web site: http://www.wachovia.com/
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