Wachovia Securities has hired John Van Poznak, managing director in equity derivatives at Credit Suisse First Boston in New York, to head its listed options and exchange traded fund sales business, which structures trades using over-the-counter derivatives. Todd Steinberg, managing director and head of equity linked products in New York, to whom Van Poznak reports, said the hire is part of Wachovia's plans to expand this activity (DW, 2/23), and in so doing extend its product offering for institutional clients.
At CSFB, Poznak reported to Philip Vasan, managing director in New York, who referred calls to John Gallagher, spokesman in New York. Gallagher confirmed the move. An official at the firm said it does not plan to replace Van Poznak.
