Wachovia Names Heads of CRE Platform

Wachovia Securities, Charlotte, N.C., has announced the appointment of four managing directors to head up its newly integrated commercial real estate platform, which consists of two business lines: Real Estate Americas and Real Estate Asset Management.Lawrence Gray and Robert Verrone have been named co-heads of Real Estate Americas, Leslie Fairbanks has been named co-head of Real Estate Asset Management, and Dan Sullivan has been named interim co-head, effective Oct. 1, of Real Estate Asset Management. Real Estate Americas includes coverage teams for all domestic real estate clients, commercial mortgage-backed securities, structured finance, real estate corporate banking, tax credit and agency finance, real estate syndications, and sales and trading of real estate collateralized debt obligations, the company said. Real Estate Asset Management includes CMBS servicing, construction loan underwriting, and construction loan portfolio management. Wachovia Securities can be found on the Web at http://www.wachovia.com.