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AFP Press Release
Wachovia Sponsors Prestigious AFP Pinnacle Award for 12th Consecutive Year
March 3, 2008 - Bethesda, MD – The Association for Financial Professionals (AFP) is pleased to announce Wachovia’s sponsorship of the AFP Pinnacle Award for 2008. Now in its 12th year, the Pinnacle Awards recognize excellence in treasury and finance for successfully developed leading solutions in the categories of Strategy, Innovation and Risk.
One winner is chosen from each category with a Grand Prize Winner to be announced at AFP’s 2008 Annual Conference in Los Angeles this fall. Winners will receive the coveted Pinnacle Award, recognition in AFP’s Exchange magazine reaching over 20,000 of their peers, and the opportunity to present their solution to treasury and finance peers at the Annual Conference. Wachovia will make a $10,000 charitable donation to the charity of choice of the Grand Prize Winner.
“We are pleased to support thought leadership in Treasury strategies and solutions,” said David Trotter, head of Wachovia’s Treasury Services division. “Each year, Wachovia looks forward to sponsoring this important catalyst for promoting and recognizing innovation to advance the industry as a whole.”
According to Jim Kaitz, president and CEO of the Association for Financial Professionals, “The Pinnacle Award honors the most innovative and dynamic treasury and finance solutions created to make companies perform better. It’s about putting efficient and effective operations in place, to make the business of both treasury and finance professionals more robust.”
A panel of treasury and finance experts will evaluate all entries and judges will select one winner from each category based on originality, innovative technologies and successful methodologies. Increasingly competitive, the Pinnacle Award is a highly sought honor in the treasury and finance industry.
About AFP
The Association for Financial Professionals (AFP) serves more than 16,000 individual members throughout all stages of their careers in treasury and financial management. Headquartered in Bethesda, MD, AFP provides professional certification, continuing education, research, development of industry standards, financial tools and publications, training and career development and representation to legislators and regulators. AFP’s global reach includes AFP of Canada, a membership organization and gtnews, a London-based, on-line resource for the treasury and finance community.
AFP is the daily resource for its members to seek answers, solutions, best practices and collaboration with peers. For more information about AFP, visit www.AFPonline.org.
About Wachovia’s Treasury Services
Wachovia's Treasury Services division, the third-largest US cash management provider, tailors solutions for businesses of all sizes, geographies and industries. The company offers liquidity management solutions and a comprehensive suite of global integrated payables and receivables solutions, including electronic check conversion, accounts receivable conversion, ACH services, image solutions, a national wholesale and retail lockbox network, as well as commercial card services. Ernst and Young’s 2006 US Cash Management Survey ranks the bank number 3 in market share, and ranks the bank’s information and access product, Wachovia Connection(r), No. 1 for the highest number of Information Reporting Internet Accounts.
About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, with assets of $782.9 billion and market capitalization of $75.3 billion at December 31, 2007. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,400 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Our retail brokerage operations under the Wachovia Securities brand name manage more than $1.2 trillion in client assets through 14,600 financial advisors in 1,500 offices nationwide. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com; and investment products and services at evergreeninvestments.com.