Wachovia's corporate and institutional trust division in Charlotte, N.C., said Monday that it has hired Richard Scott to be a managing director of sales for institutional trust.
The banking company's institutional trust services group offers custody, securities lending, securities processing, and settlement to support the investment-related needs of corporations, government and financial institutions, offshore corporations, and global organizations.
Mr. Scott, who is to be based in Dallas, joins Wachovia from Bear Stearns where he was an associate director in private-client services.
Wachovia corporate and institutional trust offers retirement services, custodial services and investment management, conventional and structured finance trust solutions, equity services, and information management and claims processing to institutional clients.
