"Scott's expertise will be instrumental in expanding our investment banking services to our real estate clients," said Lawrence Gray, head of First Union Securities' Real Estate Investment Banking Group. "We look forward to Scott's contributions in helping our clients take their businesses to the next level."
“First Union Securities is well positioned as a significant real estate investment banking player," said Schaevitz. "I'm excited at the prospect of working with a team that has such an excellent platform."
Schaevitz joins First Union Securities from Prudential Securities, a firm he joined in 1992 at the inception of its Real Estate Investment Banking Group effort. Prior to Prudential Securities, he worked in various capacities for Shearson Lehman Brothers and E.F. Hutton & Company, Inc. He received his BA/BS from Tufts University and his MBA from New York University. He also studied at the London School of Economics and Political Science.
First Union Securities’ Real Estate Investment Banking Group provides public and private real estate companies ideas and capital. The group covers all major property sectors and maintains extensive relationships with sources of capital for public and private real estate companies.
First Union (NYSE:FTU), with $247 billion in assets and stockholders' equity of $15 billion at September 30, 2000, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 11 East Coast states and Washington, D.C., and full-service brokerage offices in 45 states and international offices worldwide. Online banking products and services can be accessed through www.firstunion.com.
Important Notice: First Union Securities is the trade name under which Charlotte based First Union Corporation conducts its investment banking, merger and acquisition, asset management and mutual fund, brokerage and insurance businesses.
First Union Securities includes: (1) First Union Securities, Inc. (“FUSI”), a registered broker-dealer and member NYSE/NASD and SIPC providing investment banking, merger and acquisition advisory and brokerage services to corporations, individuals and other institutions throughout the United States; (2) First Clearing Corporation (“FCC”), a separately registered broker-dealer and member NYSE/NASD and SIPC, providing securities clearance and settlement services; (3) the Capital Markets and Capital Management Groups within First Union National Bank (“FUNB”), a national banking association, and its subsidiaries, providing asset management, lending, structured finance risk management, derivatives, and fiduciary services to institutions and individuals; (4) various subsidiaries within First Union Corporation providing investment advisory, administrative and other services to the Evergreen and Mentor families of mutual funds; and (5) various wholly-owned state insurance agencies.
Stocks, bonds, mutual funds or other securities offered or sold through First Union 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 First Union Corporation, FUNB or any bank; and involve investment risk, including possible loss of principal.
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