Mike Smith will join Wachovia Securities today as a high-yield trader, according to a firm insider. It could not be determined whether he is replacing someone or filling a newly created position. Tim Dowling, managing director in high-yield sales and trading at the Charlotte, N.C.-based dealer, did not return calls. Smith resigned from Merrill Lynch earlier this year (BW, 2/10). He could not be reached.
Wachovia Securities Hires Ex-Merrill Junk Trader