Wachovia Securities has promoted Ben Williams, managing director of Real Estate and Financial Services Investment Banking, to head the Corporate and Investment Bank's Fixed Income division. Williams succeeds Steve Kohlhagen, who announced his retirement in early May.

Williams, who guided the formation of Wachovia Securities' commercial real estate investment banking business over the past two years, will head an expanded Fixed Income division composed of the Fixed Income and Real Estate and Financial Services Investment Banking groups.

He will report to Barnes Hauptfuhrer and Steve Cummings, both co-head of Wachovia's Corporate and Investment Bank. Williams joined legacy First Union Corporation in 1984 and held positions in human resources, corporate banking and commercial real estate before joining the capital markets group in 1996. 

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