Wachovia Securities LLC of Charlotte, Wachovia Corp.'s brokerage unit, hired Matthew McGrath as a managing director in its investment banking division's strategic advisory group.
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Mr. McGrath will work out of Los Angeles in heading the division's western expansion. He was a managing director and group head of midcorporate investment banking at J.P. Morgan Securities Inc., managing investment banking relationships and transactions with middle-market companies.
The strategic advisory group provides investment banking services to clients of the wholesale segment of Wachovia's general banking group. Wachovia Securities announced the hiring Thursday.
