Wachovia Securities has hired Mark Kohn, an associate on the equity derivatives trading desk at Morgan Stanley, to work in a similar role in New York. Kohn declined comment. Todd Steinberg, managing director and head of equity linked products in New York, confirmed the hire and declined further comment.
Officials familiar with the firm said the appointment reflects a desire by Wachovia to become a larger player in the derivatives field, adding that further hires for the equity desk are likely. The firm has recently also been building its credit derivatives team (DW, 11/17).
Kohn was one of several Morgan Stanley equity staffers who recently left the firm (DW, 2/2).
