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David S. Daniels '85 has joined Wachovia Securities Financial Sponsors Group as a managing director based in New York. Daniels, 39, was previously a managing director at Deutsche Banc Alex Brown.
“David brings to Wachovia a proven track record calling on private equity firms and originating high margin products including IPOs, mergers and acquisition advisory services and leveraged finance opportunities,” said Jeff Armstrong, had of Wachovia's Financial Sponsors Group, which is headquartered in Charlotte. “David is a terrific new addition to the team, and I am pleased that we will benefit from his leadership and experience.”
Daniels has more than 15 years investment banking experience in several global firms. He joined Deutsche Banc Alex Brown's financial sponsors group in 1998, where he provided mergers and acquisition advisory services, conducted equity capital market transactions, and brought a range of acquisition financing products to leveraged buyout and venture capital clients. Prior to joining Deutsche Banc, Daniels worked for UBS Securities, Alex Brown & Sons and Kidder Peabody, where he began his career in 1987.
Daniels is a 1985 economics and business graduate of Lafayette.
“I'm enthusiastic about joining Wachovia Securities, which is rapidly becoming a premier firm in the service of growth companies,” said Daniels. “My new position is a unique opportunity to be part of a group that has an established reputation and a long-term commitment to the financial sponsor community.”
Wachovia Securities is an integrated corporate and investment banking firm that deploys a full range of capital raising, market making and financial advisory services. Wachovia is a leading provider of financial services to 20 million retail, brokerage and corporate customers. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and offers full-service brokerage with offices in 49 states and global services through more than 30 international offices.