Family Office

Wachovia names new head of family-office services

FWR Staff April 16, 2007

Wachovia names new head of family-office services

Susan Mucciarone takes Daniel Prickett's place as Calibre's chief executive. Daniel Prickett is getting set to retire and Susan Mucciarone has succeeded him as managing executive of Calibre, Wachovia Wealth Management's multifamily office.

Mucciarone "brings an extensive background in wealth management, investment management and family-office services," says Wachovia Wealth Management president Stanhope Kelly. "With the significant transfer of wealth under way in our country, Susan assumes this role at an important time with tremendous opportunity."

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As head of Charlotte, N.C.-based Wachovia's ultra-high-net-worth advisory business, Mucciarone will oversee Calibre offices in Winston-Salem, N.C., Philadelphia, Boston and Palm Beach, Fla.

A Wachovia employee since 1995, Mucciarone joined Calibre in 2001 and was most recently managing director of its Philadelphia office and head of the firm's investment-consulting practice. Before that she advised Wachovia's merger and acquisition clients on the personal financial aspects of corporate transactions.

Prior to joining Wachovia, Mucciarone held marketing and management positions at Charlotte, N.C.-based Wedge Capital Management and at Capital Holding Corporation (now part of The Hague, Netherlands-based Aegon).

Calibre calls itself the third-largest family office in the U.S., and says it grew its revenue by more than 30% in 2006. It has over $18 billion in advisory assets -- including about $3.3 billion in assets under management, according to its latest Form ADV filing with the Securities and Exchange Commission. -FWR

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