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AmericasOctober 1 2006

Stephen Cummings

Last year, Wachovia took a significant gamble with its heavy investment in equities and advisory. Now it is beginning to pay off, as its head of corporate and investment banking explains to Kathryn Tully.
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The fourth floor of the Seagram Building at 375 Park Avenue, New York, is home to a brand new equity trading floor. One wall features a large light installation, in which gently undulating waves move across the wall and the whole thing changes colour periodically – apparently, it’s called a Waquarium.

This, along with two other floors of sales and trading, is the new Manhattan home of Wachovia’s corporate and investment bank. It has also leased a further two floors at 375 Park Avenue into which it will eventually expand. “We moved in the first quarter and it’s awesome,” says Stephen Cummings, head of corporate and investment banking. “It’s a wonderful location and a wonderful space.”

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