David Trotter Named Treasury Services Head
CHARLOTTE, N.C. – Wachovia Corp. announced today that David Trotter has been named head of its Treasury Services division, the nation’s third-largest provider of cash management services. In this role, Trotter will report directly to Steve Cummings, head of the Corporate and Investment Bank (CIB) and serve on the Executive Committee.
Trotter has been a leader within Treasury Services for three years, most recently serving as head of Wholesale Client Management. In this role, Trotter achieved outstanding year-over-year growth in new sales and improved customer satisfaction, while instituting a high-performance team culture with a focus on diversity, employee engagement and leadership development.
"The Treasury Services division has shown significant growth in recent years – becoming a market leader and receiving industry acclaim for top-rated customer satisfaction,” said Cummings. “David has played a significant leadership role in helping to achieve that success, and I am very pleased that he will be at the helm to build on this momentum.”
Wachovia’s Treasury Services division – which serves nearly 70,000 corporate, wholesale and small business clients – last year comprised 13 percent of Wachovia’s total net income and is supported by nearly 10,000 Wachovia associates across the bank’s platform.
Prior to joining Treasury Services, Trotter accumulated nearly 20 years of corporate banking experience, including relationship management, investment banking and leadership of Wachovia’s Commercial Strategies group. He holds a bachelor’s degree in economics from Hampden-Sydney College and a master’s degree in Business Administration from the University of Michigan with an emphasis in finance.
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