Wachovia Securities says Tom McManus, formerly managing director and chief investment strategist at Banc of America Securities, has joined the firm as its new chief investment officer and director of advisory services.
As chief investment officer, McManus is heading up the firm's advisory services group, which sets the overall investment policy and strategy supporting the firm's financial advisors and the investment advice they provide to clients.
"We are extremely impressed with Tom's background, experience and ability to connect with our financial advisors and their clients," says Daniel J. Ludeman, president and CEO of Wachovia Securities. "He is clearly the right person to help leverage the substantial talent that exists within our firm's advisory services group as a result of combining Wachovia Securities and A.G. Edwards."
McManus joins Wachovia Securities after having worked at Banc of America Securities, Morgan Stanley and Goldman Sachs & Co. He will report to Brand Meyer and Peter Miller, co-presidents of the brokerage firm's financial services group. He and his family will be relocating to St. Louis.
Wachovia Securities, now based in St. Louis, has some $1.1 trillion in client assets. Including bank representatives, Wachovia has more than 18,000 registered representatives in over 4,000 locations nationwide.
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