Wachovia Corp., known for its conservative ways, has long conducted its corporate banking business at an even tempo. Now Donald Carson, president of Wachovia Capital Markets Inc. since 1994, is picking up the beat.

Mr. Carson has increased his staff by about 40%, to 165, in the past year, mainly by recruiting internally but in part by raiding rival companies. Under his leadership, the Atlanta-based capital markets unit is expanding in merger and acquisition advice, loan syndications, financial advice, and securitizations.

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