Wachovia names real estate heads
Wachovia Securities has appointed four managing directors to run its new integrated real estate platform.
Its Real Estate Financial Services group has been moved into the investment bank in order to combine its real estate capital markets, financial services and investment banking groups.
Tom Wickwire, managing director and head of structured products in the fixed-income division of the investment bank, is overall head of the new business, which includes Real Estate Americas and Real Estate Asset Management.
Lawrence Gray and Robert Verrone are the co-heads of Real Estate Americas, which will cover domestic real estate areas including CMBS, structured finance, corporate banking, and CDO sales and trading. Gray is former head of real estate investment banking and Verrone the former head of real estate capital markets Americas.
Leslie Fairbanks and Dan Sullivan are co-heads of Real Estate Asset Management, which will cover CMBS servicing, construction loan underwriting and construction loan portfolio management. Fairbanks was head of real estate services and Sullivan is a managing director of fixed-income research covering Reits.
All four report to Wickwire.
In another reshuffle, Bill Green, managing director and former head of real estate capital markets in the UK, has relocated to London to be head of real estate Europe. Rick Abrams continues as head of real estate Asia.