Gress joins Wachovia in a newly created role

lex Gress has joined Wachovia Securities in a newly created role responsible for working with leveraged finance and private equity sponsor coverage offering structured finance alternatives to traditional debt financings. In the new position Gress will be a director in the structured products group, reporting to Managing Director Pete Budko. Gress was part of JPMorgan Securities' debt capital markets group in London since 2001 where he focused on ABS origination and whole business securitizations. Prior to JPMorgan, Gress worked in the securitization group at CIBC World Markets in New York beginning in 1998.