Wachovia taps Goldman alum as CEO

Robert Steel, who was most recently under secretary for domestic finance at the U.S. Department of the Treasury, is now Wachovia Corp.'s CEO, president and a member of the board. Lanty Smith, who led the search committee and served as interim head of the Charlotte, N.C., bank, will continue as chairman.

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Steel retired as vice chairman of Goldman, Sachs & Co. in February 2004. He joined GS in 1976 and served in the Chicago office until his transfer to London in 1986, where he founded the equity capital markets group for Europe. He became a partner in 1988. From February 2004 to September 2006, Steel served as a senior fellow at the center for business and government at the John F. Kennedy School of Government at Harvard University. - Baz Hiralal

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