Former Wachovia CEO joins N.Y. private-equity firm
The former chief executive of Wachovia, Ken Thompson, has joined a New York investment firm as a senior adviser.
The former chief executive of Wachovia, Ken Thompson, has joined a New York investment firm as a senior adviser.
The Charlotte Observer reported that the 58-year-old Thompson confirmed Wednesday that he’s joined the private equity firm Aquiline Capital Partners. He would not elaborate on the job he’s held for a couple of months.
It’s been nearly a year since Charlotte-based Wachovia said its board had removed Thompson as losses mounted from his acquisition of Golden West Financial and other actions.
Less than four months later, Thompson’s replacement, Bob Steel, agreed to sell Wachovia to San Francisco-based Wells Fargo.
Aquiline invests in banking, insurance, asset management and other financial services-related companies. A spokesman for Aquiline confirmed Thompson’s position but declined further comment.
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