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Wachovia Wealth Management Names New Leader for Wachovia Insurance Services


CHARLOTTE, NC—Wachovia Wealth Management has named Anne Doss managing executive of Wachovia Insurance Services (WIS). She has been with Wachovia for 23 years, serving most recently as head of bank integration for WIS, managing a team responsible for cross-selling insurance to clients across the bank.

“Anne’s breadth of experience, along with her extensive understanding of Wachovia and her successful leadership surrounding bank cross-sell, makes her an excellent choice for this position,” said Stan Kelly, head of Wachovia Wealth Management.

Under Doss’s leadership, insurance cross-sell revenue has increased more than 60 percent over the past year. Prior to joining WIS, she served in a variety of leadership roles at Wachovia in businesses such as Wealth Management, Treasury Services Electronic Cash Management and Securities brokerage. In 2001, she led the creation and implementation of the Wachovia Client Partnership, a companywide program that has generated $750 million in incremental revenue by building stronger connections among the company’s major lines of business.

Doss succeeds Stewart McDowell, who earlier this year announced his plan to retire as head of WIS. During his five years at the helm, WIS became the third largest bank-owned insurance broker and one of the top 15 insurance brokerage operations in the U.S.

About WIS and Wachovia
Wachovia Insurance Services (WIS), Inc. is the 12th largest insurance broker in the United States with annual revenues of more than $400 million and annual premium placements exceeding $4 billion. Recognized as one of the insurance industry’s leading firms, WIS and its affiliates employ more than 1,000 insurance professionals in 34 offices throughout 15 states and the District of Columbia. As the third largest bank-affiliated insurance brokerage operation in the nation, WIS provides property-casualty insurance brokerage services, risk management consulting, employee benefits and compensation consulting, life insurance, and executive benefits to clients on a nationwide basis.

Wachovia Corporation (NYSE:WB) is one of the nation’s largest diversified financial services companies, with assets of $812.4 billion and market capitalization of $33.5 billion at June 30, 2008. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices.


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