Wachovia Corp. of Winston-Salem, N.C., has promoted W. Robert Newell, a key investment official, from senior vice president to executive vice president.

He also assumed the new rank at Wachovia Bank.

Mr. Newell has been manager of the holding company's private banking, personal trust, and investment management groups since February.

He joined Wachovia Bank in 1981 in Raleigh, N.C., and was transferred in 1988 to Southern Pines, N.C., as office executive. In 1993 he was promoted to senior vice president and returned to Raleigh as a consumer area sales manager. In 1994 he became area executive in Rocky Mount, N.C.

Wachovia Bank also promoted K. Patricia Higgins to a senior vice presidency.

Ms. Higgins has been an accounting manager in its control group since last year. She joined the bank in 1988 as a financial accountant and was promoted in 1996 to vice president.

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