CHARLOTTE, N.C., Jan. 28 /PRNewswire/ -- Wachovia Securities today
announced that Jeremiah Keefe has joined its Fixed Income division as
managing director and head of Distressed Debt. Keefe will be based in New
York City and will report to Tim Mullins, managing director and head of
Credit Sales and Trading. In this newly created role Keefe will supervise a
team of professionals managing Wachovia's distressed trading positions.
"Wachovia is committed to building out a comprehensive suite of
distressed debt and corporate restructuring services for our issuing and
investing clients and Jerry's hire is a clear sign of that commitment,"
Mullins said. "Jerry has over 15 years of high yield and distressed
experience and an extensive network of industry contacts. His background
will allow us to quickly assemble a world class distressed debt team."
Keefe comes to Wachovia from Deutsche Bank, where he most recently
served as director of Distressed Research in the firm's Global Distressed
Trading Group. Prior to that, he was a principal at Blackstone Distressed
Securities Advisors, where he helped to launch the company's first hedge
fund, which focused on distressed securities in the United States and
Europe. Previously, he worked in the Fixed Income Research group of MFS
Investment Management and was a vice president in Merrill Lynch's Global
Distressed Trading Group. Keefe began his career at Moody's Investors
Service and is a graduate of Manhattanville College in Purchase, N.Y.
About Wachovia's Corporate and Investment Banking Group
Wachovia's Corporate and Investment Banking group offers a full suite
of products and services to public and private companies, institutional
investors, financial institutions and the financial sponsor community.
Investment banking and the global markets businesses (fixed income and
equities) operate under the Wachovia Securities brand and have become a
global force in the capital markets arena by providing comprehensive
advisory, capital raising, structuring and execution services. Wachovia's
Corporate and Investment Bank also includes the 3rd largest Treasury
Services business in the U.S., as well as leading asset-based lending and
global correspondent banking services. The firm is built on a cohesive
culture that encourages creative ideas, capital solutions, and experienced
advice to all clients.
Wachovia Securities is the trade name for the corporate, investment
banking and capital markets businesses of Wachovia Corporation and its
subsidiaries, including Wachovia Capital Markets, LLC (WCM) and Wachovia
Securities International Limited. Wachovia Securities is also the trade
name for the retail brokerage businesses of WCM's affiliates, Wachovia
Securities, LLC, Wachovia Securities Financial Networks, LLC, Wexford
Clearing, LLC, and First Clearing, LLC. Wachovia's proprietary research is
branded Wachovia Research.
About Wachovia:
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $782.9 billion and
market capitalization of $75.3 billion at December 31, 2007. Wachovia
provides a broad range of retail banking and brokerage, asset and wealth
management, and corporate and investment banking products and services to
customers through 3,400 retail financial centers in 21 states from
Connecticut to Florida and west to Texas and California, and nationwide
retail brokerage, mortgage lending and auto finance businesses. Globally,
clients are served in selected corporate and institutional sectors and
through more than 40 international offices. Our retail brokerage operations
under the Wachovia Securities brand name manage more than $1.2 trillion in
client assets through 17,900 registered representatives in 1,500 offices
nationwide. Online banking is available at wachovia.com; online brokerage
products and services at wachoviasec.com; and investment products and
services at evergreeninvestments.com.
SOURCE Wachovia Securities
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