McManus, a former head of CDO research and strategy at Merrill Lynch & Co., where he was an Institutional Investor-ranked CDO analyst, has 15 years of experience analyzing structured finance products and interest rate derivatives in the U.S. and Europe.
“We are extremely excited to have Brian join us to lead our CDO research group,” Lancaster said. “In addition to being recognized by many investors as one of the top analysts in this space, Brian brings a relative-value approach that fuses an understanding of the collateral as well as the structures to help guide CDO investment decisions for our institutional clients.”
At Merrill Lynch, McManus founded the global CDO research group and also covered a broad array of asset classes, including high-yield and investment-grade bonds, leveraged loans, emerging market debt and structured finance.
Previously, McManus was chief quantitative analyst for the Mortgage-Backed Securities (MBS) and Collateralized Mortgage Obligation (CMO) groups at Dean Witter. He also was head structurer, pricing new issue CMO securities at Bear, Stearns & Co. Inc., and ran the MBS research group at E.F. Hutton.
Wachovia’s Fixed Income Division provides a full range of origination, sales and trading services, including structured products like commercial and residential mortgage-backed securities, as well as credit products like investment-grade and high-yield bonds, leveraged finance and syndicated loans, and global rates products like derivatives, foreign exchange and municipal finance.
About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with retail operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $511.8 billion, market capitalization of $78.2 billion and stockholders’ equity of $47.9 billion at June 30, 2005. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 13 million household and business relationships primarily through 3,126 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 699 offices in 49 states and five Latin American countries. Our Corporate and Investment Bank serves clients primarily in 10 key industry sectors nationwide. Global services are offered through 40 international offices. Online banking and brokerage products and services also are available through Wachovia.com.
Wachovia Securities is the trade name for the corporate, investment banking, capital markets and securities research businesses of Wachovia Corporation and its subsidiaries, including Wachovia Capital Markets, LLC (WCM) and Wachovia Securities International Limited. Wachovia Securities is also the trade name for the retail brokerage businesses of WCM’s affiliates, Wachovia Securities, LLC, Wachovia Securities Financial Networks, LLC, Wexford Clearing, LLC, and First Clearing, LLC.
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