Wachovia Segment Evergreen Investment Names European Sales Head

Evergreen Investments, an arm of Wachovia Corp., announced that it is expanding to Europe, with the opening of London based office of Wachovia Global Asset Management (WGAM), the brand name under which Evergreen will conduct business. To head the European

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Evergreen Investments, an arm of Wachovia Corp., announced that it is expanding to Europe, with the opening of London-based office of Wachovia Global Asset Management (WGAM), the brand name under which Evergreen will conduct business.

To head the European efforts, Evergreen appointed Mark Archer as managing director of European distribution for WGAM, in which he will oversee development of new institutional business in Europe through sub-advisory relationships and traditional institutional pension, public funds, and not-for-profit investment management opportunities.

Archer will report to Patrick O’Brien, president of Evergreen Institutional. “Institutional and high net worth clients are increasingly seeking global firms with a presence in the local marketplace,” said Dennis Ferro, president and CEO of Evergreen Investments. “The launch of Wachovia Global Asset Management leverages emerging brand recognition of Wachovia overseas and lays the groundwork for an extensive and diversified distribution network abroad.”

Archer will co-locate with Evergreen International Advisors, Evergreen’s London-based investment team, which employs 11 people managing over $18 billion in global/international fixed income mandates for institutional clients.

Prior to joining Wachovia, Archer was co-Head of institutional sales and marketing, Europe for RCM: Allianz Global Investors (AGI). Since 2004 he has served as a member of the AGI European Business Coordination Committee and since 2003, he has served as a member of the Allianz Global Investors European Asset Management Committee and as a Coordinator of European Sales and Marketing.

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