Deals & People May 16, 2008

Wachovia Names President of Retirement and Investment Products

Wachovia Corporation said that John Papadopulos has been named President of the Retirement and Investment Products Group (RIPG), one of three businesses within the Capital Management Group.
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According to the press release, in his new role, Papadopulos will oversee the firm’s retirement business, including its retail retirement business, which provides products, including IRA and annuities, to Wachovia’s distribution channels, including Wachovia Bank and Wachovia Securities; Wachovia Retirement Services and its defined contribution and defined benefit recordkeeping business; and the reinsurance business.

Papadopulos succeeds Robert Reid, who recently was named head of the Real Estate Division within the Corporate and Investment Bank, the release said. He will report to David Carroll, Head of the Capital Management Group, and serve on the division’s operating committee.

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Papadopulos has spent the past 12 years working in the firm’s Corporate and Investment Bank, in a series of senior management roles, most recently as Managing Director within the Financial Institutions Group. Prior to this role, he served four years as the Managing Director of Institutional Investor Management.

Before joining Wachovia, Papadopulos served as a Managing Director at Bankers Trust in New York and at Continental Illinois Bank in Chicago.

Products May 16, 2008

Prudential Web Site Focuses On Women and Finance

Prudential Financial, Inc., launched a Web site designed to help women achieve financial security.
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The new Women & Money site offers advice from experts at Prudential as well as guest columnists, according to a press release from Prudential. In addition, interactive tools, calculators, and worksheets are available to help women analyze their financial situation and implement a plan to improve it.

Prudential’s recent study The Financial Experiences and Behaviors Among Women found 80% of women desire to achieve a secure retirement, but only 18% feel confident in their ability to do so (see Women Look to Advisers, Internet for Financial Information). Prudential said it launched the Women & Money site to help close the confidence gap.

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Women can submit their own personal stories on the Web site, as well as read those of peers, the release said.

The Women & Money Web site is at www.prudential.com/women.

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