Bain, based in San Francisco, and Broner, based in New York, join the firm as managing directors. Wilkins, also based in San Francisco, joins the firm as a director.
“Continuing to build our strategic dialogue with clients is a primary focus of our investment banking effort at Wachovia,” Engel said. “David, Jim and Mike bring proven sector and transaction knowledge to our firm and will enhance our effort to provide the highest level of advisory capability to clients in the technology and media sectors.”
Bain comes to Wachovia Securities from Dresdner Kleinwort Wasserstein in San Francisco. As a managing director and co-head of the global technology group, he advised technology-sector clients on mergers and acquisitions and financing transactions. His career also includes mergers and acquisitions experience at Lehman Brothers in New York and London.
Broner comes to Wachovia from Banc of America Securities. As a managing director, he provided mergers and acquisitions and advisory services to media and telecommunications clients. His career also includes mergers and acquisitions, and in particular, advising media and telecommunication clients at Donaldson, Lufkin and Jenrette and at Credit Suisse First Boston. Earlier in his career, he worked as an attorney in the Corporate Finance and Mergers and Acquisitions practice of Skadden, Arps, Slate, Meagher & Flom.
Wilkins joins Wachovia from Dresdner Kleinwort Wasserstein in San Francisco, where his responsibilities included mergers and acquisitions execution, financings and coverage of technology clients. His experience also includes working in the corporate finance and mergers and acquisitions groups at J.P. Morgan & Co. in the firm’s New York, Sydney and San Francisco offices.
Part of Wachovia’s Corporate and Investment Bank, Wachovia Securities’ Mergers and Acquisitions Group provides strategic advisory services to companies in eight industry sectors. The group is headquartered in Charlotte with offices in New York and San Francisco.
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.
Wachovia Capital Markets, LLC, is a U.S. broker-dealer registered with the U.S. Securities and Exchange Commission and a member of the New York Stock Exchange, the National Association of Securities Dealers, Inc., and the Securities Investor Protection Corp. Wachovia Securities International Limited is a U.K. incorporated investment firm authorized and regulated by the Financial Services Authority.
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 33 international offices. Online banking and brokerage products and services also are available through Wachovia.com.
