, who was slated to succeed Dennis Ferro
as CEO of Evergreen Investments
at yearend, is leaving the Boston investment manager following the close of Wachovia Corp.'s
sale to Wells Fargo
, Evergreen spokeswoman Laura Fay confirmed to The MFWire
Cieszko, who heads Evergreen's global distribution arm, is
departing in early January and will not be replaced, Fay said.
Evergreen will become part of the Wells asset management
group led by Mike Niedermeyer
Shareholders of Wachovia and Wells Fargo are scheduled to vote on the transaction today.
In July, Evergreen picked the 48-year-old Cieszko to take the helm of the company when Ferro retires at the end of the year (see The MFWire,
July 9, 2008).
Before joining Evergreen two and a half years ago, Cieszko was the head of global
distribution for Legg Mason
, which he joined as part of the company's asset swap
with Citigroup. Earlier in his career, he was a top executive in Citi's Smith Barney
unit, where he played a key role in the wirehouse's separately managed account efforts.
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