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John P. White Joins Wachovia Securities’ Investment Banking Division


March 14, 2006, CHARLOTTE, N.C. – Wachovia Securities announced today that John White has joined the firm as managing director and head of Wachovia Securities’ Media and Communications Group. He will report to Jeff Armstrong, head of Corporate Finance.

“John will be a terrific addition to our organization,” said Armstrong. “Over the past 12 years, John has led and managed a successful media and communications investment banking practice in the U.S. and Europe. Our media and communications business will benefit from his vision, leadership, relationships and proven experience.”

White joins Wachovia Securities from JP Morgan Chase, where he was managing director and head of the Media and Telecommunications Group. In that role, which he assumed in 2001, White managed a team of 25 bankers in New York, San Francisco and Dallas and grew the practice into the fourth-largest investment banking group at JP Morgan Chase. From 1996 to 2000, he was based in London and served as managing director and head of JP Morgan Chase’s Europe, Africa and Middle East Media and Telecom Group. White joined his predecessor firm in 1994, after working at CIBC and the Bank of New England.

Wachovia Securities Investment Banking practice provides a complete range of financing and advisory services to financial sponsor groups and corporate clients through eight industry groups: Consumer and Retail, Energy and Power, Financial Institutions, Healthcare, Industrial Growth, Media and Communications, Real Estate and Technology.

Wachovia Securities is the trade name for the corporate, investment banking, capital markets and securities research 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 Capital Markets, LLC, is a U.S. broker-dealer registered with the U.S. Securities and Exchange Commission and a member of the New York Stock Exchange, the National Association of Securities Dealers, Inc., and the Securities Investor Protection Corp. Wachovia Securities International Limited is a U.K. incorporated investment firm authorized and regulated by the Financial Services Authority.

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with banking operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $520.8 billion, market capitalization of $82.3 billion and stockholders’ equity of $47.6 billion at December 31, 2005. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve more than 13 million household and business relationships primarily through 3,131 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 719 offices in 49 states, Washington, D.C., and six Latin American countries. The Corporate and Investment Bank serves clients in selected industries nationwide. Global services are offered through 40 offices around the world. Online banking and brokerage products and services also are available through


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