Andrew Clipper to Lead Evergreen Investments' Retail Separate Account Programs.Business Editors CHARLOTTE, N.C.--(BUSINESS WIRE)--Dec. 4, 2001 Evergreen Investments Evergreen Investments is the brand name under which Wachovia Corporation conducts its investment management business. Wachovia Global Asset Management is the brand name under which Evergreen Investments conducts sales and distribution business outside of the United States. , one of the nation's largest asset managers, has named Andrew Clipper Vice President, Director of Retail Separate Accounts. "We are very pleased that Andrew Clipper has joined the Evergreen team," said Patrick Bannigan, Director of Corporate Planning and Product Development for Evergreen Investments. "His broad experience in the separate account business will help us build out our separate account program capabilities and in turn expand our presence in a variety of markets." Clipper will lead Evergreen Portfolio Solutions, a new business unit focusing exclusively on developing, marketing and servicing Evergreen's retail separate account products to investors through professional financial advisors. "The addition of Andrew's separate account experience to our robust asset management capabilities creates an exciting opportunity for us to attract assets in this market segment, generally acknowledged to be one of the fastest growing in our industry," Bannigan stated. "Evergreen is well positioned to respond to the growing demand for retail separate accounts with a broad product set and proven investment expertise," Andrew Clipper said. "We have a tremendous opportunity to introduce our separate account capabilities to a number of different sponsor channels and their retail clients." Andrew Clipper has been in the investment management industry since 1984. Prior to joining Evergreen Investments, he worked for TCW TCW Total Carat Weight TCW Temporal Cold War (Star Trek Enterprise) TCW Troop Carrier Wing TCW Turnbuckle Championship Wrestling TCW Tasty Coma Wife (Scrubs episode) Investment Management Company as a Vice President in the Northeast Region. Before joining TCW, Clipper was a Director with Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. Asset Management. He began his career as an equity analyst covering the health care and pharmaceutical industry before joining Merrill Lynch in 1989. Andrew Clipper has an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration and MPH from Columbia University Columbia University, mainly in New York City; founded 1754 as King's College by grant of King George II; first college in New York City, fifth oldest in the United States; one of the eight Ivy League institutions. and a BS from the State University of New York (body) State University of New York - (SUNY) The public university system of New York State, USA, with campuses throughout the state. . About Evergreen Investments Evergreen Investments represents the investment management division of Wachovia Corporation (formerly First Union Corporation), the fourth-largest bank holding company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Providing investment management services to individual and institutional investors, Evergreen Investments manages more than $179 billion in assets, as of September 30, 2001. |
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