Wachovia appoints Ben Williams to head new group overseeing bonds and loans

By Sara Rosenberg

New York, Oct. 21 - Wachovia Securities created a new debt markets group, which combines bonds and loan syndication under one leadership. Ben Williams has been promoted, effective Jan. 1, to head the new debt markets group.

Williams, who was most recently head of the fixed income division, will be reporting to Steve Cummings and Barnes Hauptfuhrer, co-heads of Wachovia's Corporate and Investment Bank.

Also effective, Jan. 1, Curtis Arledge will succeed Williams as head of fixed income. Previously, Arledge was deputy head of the fixed income division.

"The syndicated loan and fixed income markets continue to converge," Hauptfuhrer said, in a news release. "Placing both our Fixed Income and Credit Capital Markets divisions under Ben's leadership will enable us to maximize the long-term business effectiveness of Wachovia's increasingly interconnected credit-products related businesses in these two important divisions. Our goal is to ensure that Wachovia is a growing force in corporate credit markets for many years to come."

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