As Wachovia Corp. prepares to apply for securities underwriting powers, the executive who led its capital markets buildup is preparing to leave.

Donald P. Carson, president of Wachovia Capital Markets Inc., will leave the company at yearend. He will be succeeded by John C. McLean Jr., the division executive for capital markets at the Winston-Salem, N.C., banking company.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.