Miles will manage a team of sales professionals who distribute taxable products, including asset-backed bonds, corporate bonds, government and U.S. agency bonds and mortgage-related securities. He will report to R. Owen Williams, managing director of First Union's fixed-income products.
"First Union is committed to building a premier securities distribution franchise," Williams said. "We are very pleased to have Bill Miles join our team. His high level of product knowledge mixed with his understanding of our client base will contribute to First Union's continued success in offering capital markets solutions to meet our clients' needs."
First Union operates bond sales and trading operations in Charlotte and sales offices in Memphis and Miami. First Union plans to open sales offices in the New York area and internationally.
Miles spent more than 15 years at Goldman Sachs, working in the company's Memphis, Dallas and New York offices. Miles served in the U.S. Navy as a Lieutenant Commander and saw active duty from 1974 to 1978. Miles received a bachelor of arts degree from Vanderbilt University in 1974.
First Union offers a broad range of capital markets products and services to corporate clients including asset-backed securities, loan syndications, private placements, merger and acquisition advisory, public finance, as well as investment grade and high-yield debt origination, trading and distribution.
Charlotte-based First Union Corp. provides financial products and services to more than 12 million corporate clients and retail customers nationwide. First Union is the nation's sixth-largest bank holding company with assets of approximately $140 billion as of Dec. 31, 1996.
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