CHARLOTTE … Wachovia Securities has hired two Deutsche Banc Alex.Brown investment bankers to run its newly formed equity private placements group.
Reid Curley will serve as director of the unit, and he and Tim Wielechowski will be placement agents for private companies seeking later-stage rounds of funding. Wachovia typically works with companies involved in technology, media, consumer products, information technology services and outsourcing.
Both men worked in Deutsche Banc’s equity private placement group before joining Wachovia Securities, the investment banking unit of the financial services company created by the 2001 merger of Wachovia and First Union. Although Wachovia has provided equity private placements in the past, Curley and Wielechowski are the first people to oversee the practice full time.
Wachovia website: www.wachovia.com