Strategy
US Bank Converts Equity Sales Office in Geneva
Wachovia has rebranded the former A G Edwards' European Equity Sales Office under the Wachovia Securities banner. The Charlotte-based bank acquired the office as part of its acquisition of the US brokerage on 1 October last year. Headed by managing director Christopher Lobo, it offers primary and secondary equity products such as ETFs, convertibles and equity structured products for international institutional investors. Wachovia Securities' European sales force now consists of 12 professionals serving clients in the UK, continental Europe and Scandinavia through its existing London and new Geneva offices. "We see tremendous potential for the distribution of our institutional products in Europe and look forward to building on the momentum that our former A G Edwards colleagues have established," said Geoffrey Snyder, managing director and head of Institutional Sales at Wachovia. The US bank's retail brokerage operations under the Wachovia Securities brand name manage more than $1.2 trillion in client assets through 17,900 registered representatives in 1,500 offices.