CHARLOTTE, N.C., Nov. 21 /PRNewswire-FirstCall/ -- Wachovia Securities
announced today that Stephen Hentschel has joined the firm as a managing
director in the Real Estate Investment Banking Group. Hentschel is based in
New York and reports to Lawrence Gray, managing director and head of the
Real Estate Investment Banking Group.
Hentschel comes to Wachovia Securities after 10 years at Lehman
Brothers, where he was a managing director in the Global Real Estate Group.
At Lehman, he managed investment banking relationships with public and
private real estate firms in the office, multifamily, retail, manufactured
home and mortgage REIT sectors. Prior to Lehman Brothers, Hentschel worked
from 1990 to 1996 for Prudential Securities. He is a 1989 graduate of
Princeton University.
"Steve's decision to join our team is great news for our business,"
said Gray. "He will head our New York office and his significant track
record of managing relationships and executing complex transactions with
public and private real estate companies will be a great asset to our
industry-leading practice. I am very pleased he's decided to start a new
chapter of his career at Wachovia."
Wachovia Securities Investment Banking practice provides a complete
range of financing and advisory services to financial sponsor groups and
corporate clients through eight industry groups: Consumer and Retail,
Energy and Power, Financial Institutions, Healthcare, Industrial Growth,
Media and Communications, Real Estate and Technology.
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.
Wachovia Capital Markets, LLC, is a U.S. broker-dealer registered with
the U.S. Securities and Exchange Commission and a member of the New York
Stock Exchange, the National Association of Securities Dealers, Inc., and
the Securities Investor Protection Corp. Wachovia Securities International
Limited is a U.K. incorporated investment firm authorized and regulated by
the Financial Services Authority.
About Wachovia:
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, providing a broad range of retail
banking and brokerage, asset and wealth management, and corporate and
investment banking products and services. Including the Golden West merger,
which closed on Oct. 1, 2006, Wachovia has retail and commercial banking
operations in 21 states with 3,400 retail banking offices from Connecticut
to Florida and west to Texas and California. In addition, two core
businesses operate under the Wachovia Securities brand name: retail
brokerage with 737 offices in 49 states and in Latin America, and corporate
and investment banking in selected industries nationwide. Other nationwide
businesses include mortgage lending in 39 states and auto finance covering
46 states. Globally, Wachovia serves clients through more than 40
international offices. Online banking is available at wachovia.com; online
brokerage products and services at wachoviasec.com, and investment products
and services at evergreeninvestments.com. At Sept. 30, 2006, Wachovia had
assets of $559.9 billion and market capitalization of $88.2 billion. On the
same date, based on pro forma data, Wachovia's combined assets were
approximately $700 billion and combined market capitalization was $107
billion.
SOURCE Wachovia Securities
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Related links:
http://www.wachovia.com
http://www.wachoviasec.com
http://www.evergreeninvestments.com
CONTACT:
Amy H. Jones, of Wachovia Securities,
+1-704-383-4995
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