Wachovia Wealth Management of the US has appointed W. Robert Newell, as president of its trust division. He takes over from Robert Kniejski ...

Wachovia Wealth Management of the US has appointed W. Robert Newell, as president of its trust division. He takes over from Robert Kniejski who is retiring. Mr Newell has served in several posts with the bank over the last 25 years, most recently as wealth management director for the Carolinas. In his new role he will oversee a period of growth that, by the end of the year, is expected to add 46 new trust administrators. The division has added 85 sales professionals and client service associates over the past 18 months. Wachovia Trust controls more than $70 billion in personal trust assets and has more than 1,550 employees.