Succeeds Moody, head of Wachovia Sec's bank-brokerage support since 1999. Wachovia Securities has named Mary Mack president of its Investment Services Group, a business unit that that includes more than 1,200 Financial Advisors and coordinates the brokerage firm's partnership with Wachovia Bank through around 2,500 licensed financial specialists in about 2,000 bank locations.

Mack, who runs a unit that facilitates referrals across Wachovia business lines, slated to start her new job on 1 October. She will replace Dwight Moody, who is retiring after 34 years with Wachovia. She will report to Wachovia Securities president and CEO Danny Ludeman.

Crucial understanding

Charlotte, N.C.-based Mack "is a leader with a crucial understanding of both the brokerage and banking businesses as well as experience at building and strengthening the types of collaborative relationships that have made our in-bank brokerage model arguably the most successful in the financial services industry," according to Ludeman.

Mack is a 23-year veteran of Wachovia. Prior to joining Wachovia's in-house referral unit, she was a managing director of Wachovia's corporate and investment banking unit.

Wachovia Securities' Investment Services Group of is one of three main business lines within Wachovia's brokerage business. The others are the Private Client Group, in which financial advisors serve their clients through stand-alone, full-service brokerage offices throughout the U.S., and the Independent Brokerage Group, a network of independent brokerage practices affiliated with Wachovia Securities Financial Network, the Correspondent Client Group, which provides clearing and other services for small and medium sized broker dealers; the Latin America Group, including brokerage offices in five Latin American countries, and Wachovia Securities discount and online brokerage arm. -FWR

.