Wachovia Securities has hired five professionals to work in structured credit sales, which includes synthetic collateralized debt obligations and plans to make further appointments in its London office. The hires have been made to support growth in the firm's global product origination business, according to John FitzHugh and Walter Dolhare, managing directors and co-heads of global structured products sales in Charlotte, N.C., to whom the new hires report.
Phil Lefkowicz, Mike Gaffney and Brian Farrell have joined as directors, based in New York. Lefkowicz comes from CDC IXIS Capital Markets North America, having formed part of the securitization team that moved to CDC from CIBC World Markets in March (DW, 3/13). Gaffney joins from Credit Suisse First Boston while Farrell moved over from Société Générale. Johnnie Watson joins as v.p. from Merrill Lynch, and is based in Charlotte. Rolf Friedrich has started in London, also as v.p., having previously worked at Bear Stearns.
