Press Releases

The magazine selected Wachovia Securities based on the company’s product innovation and distribution strength.

“We have built tremendous momentum in structured notes issuance and distribution over the past year,” said Curtis Arledge, managing director and head of Wachovia’s fixed income division. “Both the global structured rates group and our partners in equity structured products have invested in their businesses by adding top-tier talent.  We are honored that Structured Products magazine has chosen to recognize us as a leading player in the industry.”

Wachovia Securities is the largest issuer of corporate bond repackagings and was the first in the market to issue an inflation-linked repack, an emerging market-linked repack, and a currency-linked note in repack form.

“We have developed a number of proprietary products that offer investors a great deal of flexibility in choosing securities and maturities, allowing them to control the level of credit risk they wish to adopt,” said Brian Zwerner, managing director and head of global structured rates and correlation credit. “Our broad retail distribution network, the third-largest in the U.S., combined with our highly customizable product set, has enabled us to quickly become a leader in the structured notes business.”

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with banking operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $532.4 billion, market capitalization of $73.9 billion and stockholders’ equity of $46.8 billion at September 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 3,138 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 702 offices in 49 states and five Latin American countries. The Corporate and Investment Bank serves clients in selected industries nationwide. Global services are offered through 40 offices around the world. 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.