According to the announcement, in his new role, Papadopulos will oversee the firm’s retirement business, including its retail retirement business, which provides products, including IRA and annuities, to Wachovia’s distribution channels, including Wachovia Bank and Wachovia Securities; Wachovia Retirement Services and its defined contribution and defined benefit recordkeeping business; and the reinsurance business.
Papadopulos succeeds Robert Reid, who recently was named head of the Real Estate Division within the Corporate and Investment Bank, the announcement said. He will report to David Carroll, head of the Capital Management Group, and serve on the division’s operating committee.
Papadopulos has spent the past 12 years working in the firm’s Corporate and Investment Bank, in a series of senior management roles, most recently as managing director within the Financial Institutions Group. Prior to this role, he served four years as the managing director of Institutional Investor Management.
Before joining Wachovia, Papadopulos served as a managing director at Bankers Trust in New York and at Continental Illinois Bank in Chicago.