Wall Street 50 – 2005

David M. Carroll/Wachovia Corporation

President and executive officer David Carroll became head of the capital management group at the Wachovia Corporation at the beginning of 2005. Wachovia employs 96,000 people and boasts annual revenue of $23 billion. Within Carroll’s department alone there are 20,000 employees with $5.5 billion in annual revenue. He provides leadership to the capital management group, which includes four core businesses: retail brokerage, asset management, insurance and corporate and institutional trust.

Carroll joined Wachovia in 1981 and has enjoyed a number of corporate positions as he swiftly moved up the ranks to his current post. Previous positions included a stint as the head of corporate support services and merger integration, as the chief eCommerce and Technology officer and president of First Union, Florida.

Carroll, a native of Rocky Mount, North Carolina, received a bachelor’s of science in business administration from the University of North Carolina, Chapel Hill. He is now based in Charlotte, North Carolina where he lives with his wife and their two children. Carroll serves on the board of the Charlotte Latin School and the Mint Museum. He is a fourth-generation Irish American whose ancestors hail from County Wicklow.