HCC Insurance Holdings Inc. announced that W. Tobin Whamond, presently a managing director in Wachovia Capital Markets’ Mergers and Acquisitions Group and head of Financial Institutions Mergers and Acquisitions, has been named an executive vice president and will become HCC’s chief financial officer later in the year.
Whamond’s election as executive vice president is effective May 1, 2009. He will also replace CFO Edward H. Ellis, Jr., 66, who will be retiring from the company at the expiration of Ellis’s current employment agreement on Dec. 31, 2009. Whamond will succeed to the CFO role after a brief transition period.
Whamond has been with Wachovia’s Mergers & Acquisitions Group since 2002, serving as director and managing director. Prior to that, he spent nearly nine years with Goldman, Sachs & Co., becoming vice president of the Mergers and Acquisitions Group.
Source: HCC Insurance Holdings Inc. (HCC), www.hcc.com
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