Evergreen Investments Announces Institutional Sales Hires

    CHARLOTTE, N.C., Jan. 3 /PRNewswire/ -- Evergreen Investments'
 Institutional Division announced today that it has hired Kirsten Burton and
 Sean Kelly as Sales Directors.
     "Evergreen's aspiration to be a best-in-class institutional asset
 manager is evidenced by recent investments the firm has made in its sales
 personnel. Over the past five years, the Institutional division has added
 44 new hires across the asset management, sub-advisory and short-term fixed
 income sales teams. This commitment to excellence, and Evergreen's
 continued success in growing the business through client acquisition and
 retention, enables the firm to continue to attract top industry talent,"
 said Peter Cieszko, President of Global Distribution.
     Effective immediately, Kirsten Burton joins Evergreen as Vice President
 and Director of Midwest Regional Sales, reporting to Lisa Wesolek, Senior
 Vice President and Managing Director of Asset Management Sales. Burton will
 be responsible for equity and fixed income product sales in the mid-western
 United States. She is based in Minneapolis, Minnesota.
     Prior to joining Evergreen, Burton served as Vice President of
 Institutional Sales and Client Service at Advantus Capital Management.
 Previously, in addition to holding the position of Director of Marketing
 and Sales/Chief Operating Officer for Windsor Financial Group, Burton spent
 nine years at Alliance Capital Management, most recently serving as Vice
 President of Institutional Marketing and Client Service. Burton received
 her Bachelor of Science Degree from the University of Texas.
     Effective immediately, Sean Kelly joins Evergreen as Vice President and
 Director of Sub-Advisory Sales, reporting to Pam Rose, Senior Vice
 President and Managing Director for Sub-Advisory Sales and Service.
     Kelly will be responsible for identifying new sub-advisory business in
 the U.S. across Evergreen's equity and fixed income platforms. He is based
 in Boston, Massachusetts.
     Prior to joining Evergreen, Kelly spent ten years at Wellington
 Management, most recently serving as a sub-advisory Global Relationship
 Manager. Previously, he spent eight years at Fidelity Investments, holding
 a number of positions in compliance, product management and institutional
 sales. Kelly received his Bachelor's Degree from Bentley College and his
 Master's Degree from Boston College. He holds the CFA designation.
     "Kirsten and Sean bring tremendous industry experience, successful
 histories of building client and consultant relationships, and a drive to
 increase the Evergreen Institutional book of business. Their unique skill
 sets, knowledge of the industry, and energy will help propel the business
 to new levels as we grow both domestically and abroad," said Patrick J.
 O'Brien, President of Evergreen Institutional.
     Over the last several years, Evergreen Investments has demonstrated its
 commitment to the institutional marketplace by hiring experienced industry
 professionals to expand and strengthen institutional sales, marketing and
 client management efforts. Evergreen Institutional is a division of
 Evergreen Investments, providing institutional account management and
 services to pensions, foundations, endowments and other institutional
 clients. As of September 30, 2006, Evergreen Institutional had more than
 $145 billion in assets under management, an increase of more than 40
 percent from approximately $100 billion in assets in 2001.
     About Evergreen Investments
     Evergreen Investments is the brand name under which Wachovia
 Corporation ( WB) 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. Combined, the groups serve more than four million individual and
 institutional investors through a broad range of investment products. Led
 by 300 investment professionals, Evergreen Investments strives to meet
 client investment objectives through disciplined, team-based asset
 management. Evergreen Investments manages approximately $258 billion in
 assets (as of September 30, 2006). Please visit EvergreenInvestments.com
 for more information about Evergreen Investments.
 
 

SOURCE Evergreen Investments