First Horizon Hires Losch as CFO

First Horizon National Corp. named a former Wachovia Corp. executive as its chief financial officer.

William C. Losch 3rd is to join the $32.8 billion-asset Memphis company on Jan. 1. Mr. Losch was the chief financial officer at Wachovia's general bank, which included the $764.4 billion-asset Charlotte company's retail bank.

Wachovia is selling itself to Wells Fargo & Co. in a deal scheduled to close next month. First Horizon, meanwhile, is nearing the end of a restructuring that will leave it as largely a Tennessee retail bank with a capital markets business.

Mr. Losch, 38, is to report to D. Bryan Jordan, who was the company's chief financial officer until he became the president and chief executive on Sept. 1.