Wachovia corporate and institutional trust announced Wednesday that it has hired S. Paul Sanko to be the vice president of sales in its equity services group.
Mr. Sanko joins Wachovia from Cleveland's National City Bank, where he was a senior vice president in its institutional asset management division. Previously he was a vice president at Huntington National Bank of Columbus, Ohio.
The group offers comprehensive shareholder services to publicly held companies. Mr. Sanko will be based in Cleveland.
Equity services offered through the corporate trust group include stock transfer services, dividend reinvestment plans, employee stock purchase plans, stock option and restricted security plan administration, direct purchase plans, turnkey initial public offering services, corporate action processing, and investment management.
Wachovia corporate and institutional trust offers retirement and custodial services and investment management, conventional and structured finance trust solutions, equity services, and information management and claims processing to institutional clients worldwide. The unit, which is based in Charlotte, has more than 40 offices in 18 states, plus the District of Columbia.
