Wells Fargo & Co. awarded just one position on its 12-member management team to Wachovia Corp. and announced that several Wachovia executives will leave after Wells' deal to buy Wachovia closes next month.

David Carroll, who runs Wachovia's capital management group, is to oversee wealth management and brokerage at Wells, the companies said in an internal memo issued Thursday. He would no longer run asset management.

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