Wachovia Securities hire investment banking MD

by Richard Kilner

Story link: Wachovia Securities hire investment banking MD

Michael Phalen has joined Wachovia Securities’ investment banking division as managing director.

He brings more than ten years of experience with restaurants to his position, and leaves behind Oppenheimer where he worked as managing director to join Wachovia.

During his career he has also worked for CIBC World Markets and Krispy Kreme Doughnuts.

Phalen’s role will be based in Charlotte, North Carolina, and he will be directly responsible to retail investment banking MD Joe Kennedy.

Kennedy explained that the appointment would bring a great deal of restaurant experience to the firm, with Phalen having served as chief financial officer with Krispy Kreme.