The FINANCIAL — Wachovia Securities announced on January 28 the opening of its newest European Equity sales office in Geneva, Switzerland.
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According to Wachovia, the office is run by Christopher Lobo, managing director, and offers a full-suite of primary and secondary equity products such as ETFs, convertibles and equity structured products for international institutional investors.
Formerly branded as A.G. Edwards, the Geneva office was converted to Wachovia Securities as part of the firms recently completed acquisition. Wachovias European sales force now consists of 12 professionals serving clients in the UK, continental Europe and Scandinavia through its existing London and new Geneva offices.
We are excited to add the Geneva office and sales team to our expanding international footprint, said Geoffrey Snyder, managing director and head of Institutional Sales. We see tremendous potential for the distribution of our institutional products in Europe and look forward to building on the momentum that our former A.G. Edwards colleagues have established.
About Wachovias Corporate and Investment Bank
Wachovias Corporate and Investment Banking group offers a full suite of products and services to public and private companies, institutional investors, financial institutions and the financial sponsor community. Investment banking and the global markets businesses (fixed income and equities) operate under the Wachovia Securities brand and have become a global force in the capital markets arena by providing comprehensive advisory, capital raising, structuring and execution services. Wachovias Corporate and Investment Bank also includes the third-largest Treasury Services business in the U.S., as well as leading asset-based lending and global correspondent banking services. The firm is built on a cohesive culture that encourages creative ideas, capital solutions, and experienced advice to all clients.
Wachovia Securities is the trade name for the corporate, investment banking and capital markets businesses of Wachovia Corporation and its subsidiaries, including Wachovia Capital Markets, LLC (WCM), member NYSE, FINRA, and SIPC, and Wachovia Securities International Limited, which is authorized and regulated by The Financial Services Authority in the United Kingdom. Wachovia Securities is also the trade name for the retail brokerage businesses of WCMs affiliates, Wachovia Securities, LLC, member NYSE, FINRA, and SIPC, A.G. Edwards %26amp; Sons, Inc., member NYSE, FINRA, and SIPC, Wachovia Securities Financial Networks, LLC, Wexford Clearing, LLC, and First Clearing, LLC.
About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nations largest diversified financial services companies, with assets of U.S. $782.9 billion and market capitalization of U.S. $75.3 billion at December 31, 2007. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,400 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Our retail brokerage operations under the Wachovia Securities brand name manage more than $1.2 trillion in client assets through 17,900 registered representatives in 1,500 offices nationwide. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com; and investment products and services at evergreeninvestments.com.
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