Wachovia Securities plans to beef up its U.S.-based credit derivatives operation with several hires in sales, trading and structuring. An official in Charlotte, N.C., said the firm is in talks with candidates and expects to name several new appointments by year-end, with others to be placed early next year. He declined to say how many hires will be made in total.
Growth in Wachovia's credit derivatives business, as well as general market dislocation, makes it a good time to nab quality players, noted the official. He declined to quantify growth in the firm's credit derivatives business.
