Michael Collins named new head of Wachovia Securities' Corporate Equity Derivatives Origination team

Wachovia Securities announced today that Michael Collins has joined the Equity Division as managing director and head of the Corporate Equity Derivatives Origination team. Collins reports to Andy Sanford, managing director and head of Equity Capital Markets, and is based in the Charlotte office.

Collins joins Wachovia Securities after two years at Societe Generale, where he served as the
firm's managing director and group head for the Americas Corporate and High Net Worth Equity Derivatives Sales division. Prior to joining Societe Generale, he worked at UBS Securities for 14 years, the last 10 within Corporate Equity Derivatives Sales. He joined UBS as a Corporate Finance Analyst and was one of the founding members of the San Francisco Investment Banking team. He received a Bachelor of Business Administration in Finance from the University of Notre Dame.

"We are excited to have Mike join Wachovia to enhance our Corporate Equity Derivatives
business," said Sanford. "He brings a wealth of experience to this growing area of Equity Capital Markets."

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