Banking

Wachovia bigwig digs in near work

Add Wachovia's newest bigwig to the constantly growing roster of uptown dwellers. Sridhar Chityala, named Monday to head Wachovia's e-commerce division, said he plans to buy digs within walking distance of work.

Chityala, 50, moved here from New York, where he was a big shot for a little bank called Citigroup.

Asked to compare Charlotte to New York, Chityala – a native of India – laughed and replied, “I'm not sure how you want me to answer that.” But he elaborated anyway, calling Charlotte “the mini-New York experience.”

“You've got a theater, you've got a sports stadium, you've got restaurants, you've got an IMAX. I can't complain,” he said.

Artsy folk to honor BofA

It's “Do the Right Thing” meets “Bank of Opportunity.”

The Creative Coalition, a nonprofit advocacy group populated by (famous, beautiful) artsy people, says it will honor Bank of America for its environmental commitment at a reception at the Democratic National Convention Monday in Denver.

The C.C. will reportedly send Oscar-winning actress Ellen Burstyn, Desperate Housewife Dana Delany and needs-no-introduction Spike Lee, among others, to the shindig in the Mile-High City. They're planning a similar event for the GOP convention in September. Anne Finucane, the bank's chief marketing officer, plans to attend the reception. Plans haven't been finalized for the RNC. Wachovia is not sponsoring or hosting any events at the conventions.

Crutchfield going tech again

Former First Union honcho Ed Crutchfield is sinking cash into another technology venture with tech guy Tony Prince. Six-year-old M3 Technology Group, with HQ at SouthPark, said Wednesday that Prince is taking over as CEO and that he, Crutchfield and Frontier Capital pumped a combined $2.7 mil (no word on the breakdown) into the company, which manages e-mail systems.

The firm has 100 employees, more than $10 mil in revenue and is profitable, says marketing veep Rick Oppedisano. Crutchfield and Prince teamed on a prior venture, IT security company LURHQ, which merged with an Atlanta company in 2006.

Jeff, Marcia, cans and Jim

Fastest items in town!™: Looking for Insider columnist Jeff Elder? Sorry, new sheriff in town: the beautiful and talented Observer business-news staff now compiles your favorite business gossip sheet. (Jeff's on sabbatical, “studying” at Stanford). … The 2008 Dress for Success Charlotte Paradigm Award goes to Marcia Simon, president of Paul Simon for Women, at the nonprofit's fundraiser Sept. 18 at the Charlotte Merchandise Mart; actress Andie MacDowell gives the keynote; www.dressforsuccess.org/charlotte. ... Seven teams from the Society of Design Administration will compete in the Canstruction challenge by creating sculptures from cans, 8 a.m.-8 p.m. Saturday at the Charlotte Convention Center. The event, open to the public, raises money for the Second Harvest Food Bank of Metrolina. Visitors can vote for their favorite sculpture; winners announced Sept. 4, says Ryan Eversole of Brennan Architects. … Duke Energy CEO Jim Rogers takes his Greenest Show on Earth to the Westin today, where he's keynoting a lunch for the World Affairs Council. Topic: “Duke Energy's Role in Building a Low-Carbon Global Economy.”

  Comments