WINSTON-SALEM, N.C. - Offitbank, a New York subsidiary of Wachovia Corp., opened a Charlotte, N.C., office Monday to handle wealth management services for high-net-worth clients in the Southeast.
The chartered New York trust bank offers equity, fixed income, and alternative investment management, estate planning, risk management, trust, and capitol markets services for the western half of North Carolina and all of South Carolina.
R. Chris Gammon, managing director of the Charlotte office, said the office opens Offitbank's line of high-wealth services to Wachovia's core customer base in the North Carolina area. Wachovia has $70.8 billion of assets under management. Offitbank has $21 billion of assets and 800 clients.