Wachovia Securities has hired Peter Gray, a structured products salesman at Bear Stearns in London, as a director in a similar role. He focuses on credit and rates sales to Switzerland, reporting to Dalit Nuttall, head of European fixed-income sales. Jamie Grady, Wachovia spokeswoman, said he is an addition to the group, declining comment on reasons for the expansion.
Guy Cross, Bear Stearns spokesman, did not immediately respond to an email regarding a replacement.
