Wachovia Corporation Names Yu-Ming Wang Head Of Fixed Income Asia

Wachovia Corporation has named Yu Ming Wang as head of Fixed Income Asia. In this newly created role, Wang will execute the firm's corporate business strategy and manage all fixed income origination, distribution, and trading as the Fixed Income Division's

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Wachovia Corporation has named Yu-Ming Wang as head of Fixed Income Asia. In this newly created role, Wang will execute the firm’s corporate business strategy and manage all fixed income origination, distribution, and trading as the Fixed Income Division’s senior leader in Asia. He will be based in Hong Kong.

Wang will report to Curtis Arledge, head of Fixed Income in this new role. Wang is currently a managing director and head of Structured Credit Products for Wachovia Securities. In addition to his new role, Wang will maintain his current responsibilities, reporting to Tom Wickwire, head of Structured Products.

“Given the initial success we have had in Asia over the past few years and the tremendous opportunities in the region, we have decided to consolidate the leadership of Fixed Income Asia activities under a single business leader,” says Arledge. “Yu-Ming has pioneered a number of innovative products and has a deep knowledge of our company, customers and the opportunities for growth in this important region.”

“Our expansion in the region will continue to leverage our strengths in market-leading products like real estate structured finance, CMBS, CDOs, structured rates and derivatives,” adds Wickwire. “Yu-Ming is the right leader to propel the growth of our platform in Asia.”

Wang joined Wachovia Securities in 2000 as head of Structured Credit Products and is responsible for all aspects of Wachovia’s cash flow and synthetic CDO businesses. Before joining Wachovia, Wang co-founded Structured Credit Partners, LLC, an industry pioneer in the management of commercial real estate (CRE) CDOs, which became a wholly owned subsidiary of Wachovia Corporation in August 2001.

Prior to Structured Credit Partners, Wang was a portfolio manager at CGA Investment Management, a portfolio manager at General Reinsurance and a fixed- income trader at FGIC Capital Market Services. He holds a bachelor’s degree from MIT and an MBA from New York University.

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