Wachovia Securities adds Schafer to equity capital markets, Langis to equity convertibles

By Jennifer Chiou

New York, April 25 - Wachovia Securities announced that Carol Schafer and Darren Langis have joined its firm as managing directors in the equity division in New York.

Schafer will be managing director in the equity capital markets business, initially covering the health care industry. She will report to Andy Sanford, managing director and global head of equity capital markets.

Langis will join the firm as a managing director in the equity convertible trading business. He will be the head of convertible trading and will report to Eric Augustyn, managing director and head of derivatives trading.

Schafer spent 17 years at JP Morgan, most recently as managing director and equity capital markets industry group leader for the health care team. She also was vice president of finance and business development at Lexicon Genetics, a biotechnology company.

Langis will join Wachovia after six years at TQA Investors, where he was most recently principal and senior portfolio manager. Prior to TQA, Langis worked at Citigroup in both the domestic and international convertibles groups and as a financial consultant at PricewaterhouseCoopers.

Wachovia Securities is the trade name for the corporate, investment banking and capital markets of Wachovia Corp. and its subsidiaries.

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