"David brings to Wachovia a proven track record calling on private equity firms and originating high margin products including IPOs, mergers and acquisition advisory services and leveraged finance opportunities. David is a terrific new addition to the team, and I am pleased that we will all benefit from his leadership and experience," said Armstrong.
Daniels joins Wachovia with more than 15 years investment banking experience in several global firms. He joined Deutsche Banc Alex. Brown’s financial sponsors group in 1998, where he provided mergers and acquisition advisory services, conducted equity capital market transactions and brought a range of acquisition financing products to leveraged buyout and venture capital clients. Prior to joining Deutsche Banc, Daniels worked for UBS Securities, Alex Brown & Sons and Kidder Peabody, where he began his career in 1987. Daniels is a graduate of Lafayette College.
"I'm enthusiastic about joining Wachovia Securities, which is rapidly becoming a premier firm in the service of growth companies. My new position is a unique opportunity to be part of a group that has an established reputation and a long-term commitment to the financial sponsor community," said Daniels.
The Financial Sponsors Group is a division of Wachovia Securities’ Investment Banking Group, which is organized around the following industry verticals: Healthcare, Technology, Media and Communications, IT Services & Outsourcing, Financial Services, Real Estate, Consumer, Industrial Growth & Services, Defense and Aerospace and Energy. The Investment Banking Group provides companies with high quality strategic ideas and a broad array of products and services. Wachovia Securities is an integrated corporate and investment banking firm that deploys a full range of capital raising, market making and financial advisory services to meet the needs of corporate and institutional clients
Wachovia Corporation (NYSE:WB), created through the Sept. 1, 2001, merger of First Union and Wachovia, had assets of $320 billion and stockholder's equity of $29 billion at March 31, 2002. Wachovia is a leading provider of financial services to 20 million retail, brokerage and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and offers full-service brokerage with offices in 49 states and global services through more than 30 international offices. Online banking and brokerage products and services are available through wachovia.com and firstunion.com.
Important Notice: Wachovia Securities is the trade name under which Wachovia Corporation conducts its investment banking, capital markets and institutional securities business through First Union Securities, Inc. ("FUSI"), Member NYSE, NASD, SIPC, and through other bank and non-bank and broker-dealer subsidiaries of Wachovia Corporation, including Wachovia Bank NA ("WBNA").
First Union Securities is the trade name under which Wachovia Corporation conducts its asset management and mutual fund, brokerage and insurance businesses through: (1) First Union Securities, Inc. ("FUSI"), a registered broker-dealer and member NYSE/NASD and SIPC; (2) First Clearing Corporation ("FCC"), a separately registered broker-dealer and member NYSE/NASD and SIPC, providing securities clearance and settlement services; (3) First Union Securities Financial Network Inc., a separately registered broker-dealer and member of the NASD and SIPC providing full-service brokerage services; (4) the Capital Management Group within Wachovia Bank NA, a national banking association, and its subsidiaries, providing asset management, lending, and fiduciary services; (5) various subsidiaries within Wachovia Corporation providing investment advisory, administrative and other services to the Evergreen and Mentor families of mutual funds; and (6) various wholly-owned state insurance agencies.
Stocks, bonds, mutual funds or other securities offered or sold through Wachovia Corporation or any of its bank or non-bank subsidiaries are not deposits of any bank and are not insured, guaranteed or otherwise protected by the Federal Deposit Insurance Corporation or any other government agency; are not endorsed or guaranteed by Wachovia Corporation, WBNA, or any bank; and involve investment risk, including possible loss of principal.
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