Bank of America Nabs
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Three Wachovia Vets
Banc of America Securities has hired three new municipal bond professionals who had been with Wachovia Securities Inc. before it folded its muni business.
Scott Wooster, Anthony Posthauer, and William Johnston had all formerly worked with Wachovia, which announced that it would be closing its municipal operations in August. Approximately 50 employees were laid off following the announcement.
Wooster joined Banc of America as a municipal sales specialist in the firm's San Francisco office and will report to institutional sales manager Carl Richardson.
"Scott Wooster comes to us with a strong reputation for professionalism, aggressiveness, and deep client relationships," Richardson said in a statement. "We are looking continually to expand our distribution channels for municipal securities, and Scott is a welcome addition to the department in that regard."
Posthauer will be a managing director and senior trader in Banc of America's Charlotte, N.C., office, reporting to Curt Hagfeldt, head of municipal sales, trading, and underwriting.
"We are tremendously excited about Tony Posthauer joining our firm," Hagfeldt said. "His depth of experience in the marketplace will raise the profile of our franchise presence and deliver added value to our institutional clients."
Johnston will be a public finance banker in Atlanta. He will report to Craig Hunter, the firm's team leader for Florida and Georgia.
"Bill is an experienced, innovative banker with a solid client base," Hunter said. "His skill base is a perfect match for the wide range of products Banc of America Securities has to offer."
-- Sheri Carpenter-Kasprzak
